SEC Puts Muni Bond Market On Notice
show comments
  • Corlyss

    “Earlier this year the SEC charged Illinois with securities fraud for misleading investors about the status of the state’s finances ***”

    The betting window is now open on whether this administration’s DoJ is going to do squat about prosecuting the case. Little will be said, less written, and in the last days of the Obama administration, DoJ will settle the case for a mere bagatelle, lightly slap a few wrists, and then pardons everyone of everything.

  • FranMeaney

    It isn’t just the pensions. The health care obligations in Massachusetts cities and towns are bigger than unfunded pension obligations because there is NO funding mechanism at all. Bet it’s that way elsewhere.

© The American Interest LLC 2005-2017 About Us Masthead Submissions Advertise Customer Service
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.