Month: September 2009

In recent months, states and cities have lobbied for their piece of the bailout pie. Among other requests, they've asked the federal government to support municipal bond markets by directly buying municipal bonds through the new programs that the Tr Read More

The city of Detroit lost its investment-grade credit rating from S&P Tuesday night, slipping to BB after just barely hanging on to a halfway decent rating for the past two decades. New York is not Detroit. But since one of Detroit's major problem Read More

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