Category: Bonds

Harrisburg’s quest for the Holy Grail: Part 2, Good idea, oh Lord!

21 May, 2013 (15:58) | Bonds, Cities, Harrisburg, Infrastructure, Litigation, Loopholes, Markets, Municipal bankruptcy, Municipal Finance, ratings agencies, SEC, solid waste, US News | No comments

[Continued from yesterday's Part 1.]   By:David A. Smith   God: What are you doing now? Arthur: I’m averting my eyes, oh Lord.    Oh, don’t grovel.  If there’s one thing I can’t stand, it’s people groveling.   When yesterday’s post ended, longstanding Harrisburg mayor Stephen Reed, who had already embarked on an ambitious program [...]

Harrisburg’s quest for the Holy Grail: Part 1, All the kings said I was daft

20 May, 2013 (12:34) | Bonds, Cities, Harrisburg, Infrastructure, Litigation, Loopholes, Markets, Municipal bankruptcy, Municipal Finance, ratings agencies, SEC, solid waste, US News | No comments

By:David A. Smith   Father: One day, lad, all this will be yours!   Herbert: What, the curtains?   But I don’t want land   It began with a failing incinerator, and an ambitious politically invincible mayor.   Tomorrow, Tuesday May 21, Harrisburgers will vote in the most important mayoral primary in thirty years (in this [...]

Let that be a warning to you all! Part 2, Hand over all the lupins you’ve got

14 May, 2013 (09:00) | Bonds, Cities, Harrisburg, Infrastructure, Litigation, Markets, Municipal bankruptcy, Municipal Finance, ratings agencies, SEC, US News | No comments

[Continued from yesterday's Part 1.]   By:David A. Smith   As we saw yesterday, using a Wall Street Journal (May 7, 2013) and the SEC’s own release 2013-82 (May 6, 2013) (blue font), the SEC called upon Harrisburg, Pennsylvania, to stand and deliver up an acquiescence to charges that the SEC then settled instantly.   [...]

Let that be a warning to you all! Part 1, One of them isn’t loaded any more

13 May, 2013 (13:48) | Bonds, Cities, Harrisburg, Infrastructure, Litigation, Markets, Municipal bankruptcy, Municipal Finance, ratings agencies, SEC, US News | No comments

By:David A. Smith   Stand and deliver!   “Stand and deliver!” “Not on your –” Blam! “Let that be a warning to you all. You move at your peril, for I have two pistols here. I know one of them isn’t loaded any more, but the other one is.”   Scratch a bankruptcy and you [...]

Please release me, let me go: Part 3, cheaper through scalpers

24 January, 2013 (10:35) | Bonds, Capital markets, Finance, football, Humor, municipal bonds, New York Jets, personal seat licenses, Securities, Speculation |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   Yesterday we saw that, in addition to unhappy Jets fan Kenny Scarabaggio who had his moment in the sun (actually, the New York Post (January 7, 2013), we have unhappy Jets general manager Mike Tannenbaum, recently fired in large part because of [...]