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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, Rating agencies, SEC, Solid waste, US News |

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 […]

Month in Review: March, 2013

17 May, 2013 (14:29) | Bankruptcy, Banks, Cities, Crime, Cyprus, Detroit, Euro, Land use, Month in review, New York City, Post office, Rating agencies, Slums, Urbanization | 2 comments

By:David A. Smith   [Previous Months in Review available here: Feb 13, Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   During March, the Department of Justice sued Standard & Poor’s, an action that was five billion dollars’ worth of overdue, and included legislation with […]

Survival rule two: double tap: Part 2, Nut up or shut up

16 May, 2013 (09:00) | Foreclosure, Housing, Law, liens, Markets, Rental, US News |

[Continued from yesterday’s Part 1.]   By:David A. Smith   We are all orphans in Zombieland   I could tell she knew what I was feeling, we all are orphans in Zombieland – Columbus, from Zombieland   When dealing with a foreclosure-limbo property, imprecisely if visually presented by two stories in Reuters (March 28, 2013) […]

Survival rule two: double tap: Part 1, Woulda, coulda, shoulda

15 May, 2013 (10:13) | Foreclosure, Housing, Law, liens, Markets, Rental, US News |

By:David A. Smith     In those moments where you’re not quite sure if the undead are really dead, dead, don’t get all stingy with your bullets. I mean, one more clean shot to the head, and this lady could have avoided becoming a human Happy Meal. Woulda … coulda … shoulda. – Columbus, from […]

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, Rating agencies, SEC, US News |

[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.   […]