Bonds

Part of the Cost of Government is Wall Street Scam

June 23, 2012 Bonds

Buried deep within the structures of public finance is the cash for capital projects that has not yet been spent because projects take time. This cash sits in accounts that earn interest. And the interest paid is determined by auctions. But many of these auctions are rigged. Matt Taibbi, of Rolling Stone, covers a trial […]

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Fitch Credits Sale of Ulster County Nursing Home in Reaffirming County’s Bond Rating

March 20, 2012 Bond Rating

From the Mid-Hudson News Network: Fitch reaffirms Ulster County’s bond rating, cites ‘sound’ financial profile NEW YORK – Fitch Ratings Service supports the sale of the Golden Hill Health Care Center by Ulster County government. The revelation comes in the rating agency’s latest report on the county’s finances and its reaffirmation of the county’s AA- […]

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The Shin Bone’s Connected to the Thigh Bone

December 7, 2011 Business

My friend and colleague, Tim Maniccia, who runs Policy Innovation, noted some interesting connections yesterday. What triggered Tim’s observations was the bankruptcy of American Airlines. The first thing he noted was that American’s four pension plans cover almost 130,000 participants, but they have only $8.3 billion in assets to cover $18.5 billion in benefits. Were […]

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