Category: David Unkovic

A Grand Unified Theory of municipal insolvency: Part 2, Headed for the brambles

5 June, 2013 (09:00) | Bonds, Cities, David Unkovic, Harrisburg, Infrastructure, Litigation, Loopholes, Markets, Municipal bankruptcy, Municipal finance, Rating agencies, SEC, Solid waste, US News |

  [Continued from yesterday’s Part 1]   By:David A. Smith   If you can’t dazzle them with brilliance, baffle them with bull. – W. C. Fields  Yesterday’s post present part of former Harrisburg receiver David Unkovic’s extraordinary speech to a national symposium on Distressed Municipalities, in which he laid out clearly why he believes that […]

A Grand Unified Theory of municipal insolvency: Part 1, Nothing but a poor man with money

4 June, 2013 (09:00) | Bonds, Cities, David Unkovic, Harrisburg, Infrastructure, Litigation, Loopholes, Municipal bankruptcy, Municipal finance, Rating agencies, SEC, Solid waste, US News |

  By:David A. Smith     Hangman: Have you any last wish? W. C. Fields: Yes, I’d like to see Paris before I die. (Pause) Philadelphia will do.   Philadelphia lawyer David Unkovic, a public-finance bond counsel for thirty years, is an unlikely urban theorist – but then, he recently had an unlikely experience. As I […]