Category: Harrisburg
22 May, 2013 (09:00) | 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 2 and the preceding Part 1.] By:David A. Smith By now in our story of Harrisburg’s steps into insolvency, we’ve reached the point where Mayor Stephen Reed, whose political dominance was so great that candidates for city council ran as part of a “Reed team,” had persuaded the city [...]
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 [...]
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 [...]
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. [...]
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 [...]