Ed. Note: Now hear this. We will be off next week, returning with ye olde double dose o’ drivel July 9. That is all.
Markup or Markdown: National Underwriters’ Exit and the Changing Landscape of Municipal Finance
Citigroup, UBS Exit Munis After Market’s Profits Plummet by 50%.
Reminder: 13th Annual Brookings Municipal Finance Conference
And Finally, Have Fun Storming The Castle! is brought to us this week by Hayes v. Penkoski, in which the Supreme Court of Oklahoma gifted us with this immortal, absurdist sentence: “Penkoski allegedly stood on the street corner and yelled into a bullhorn for several hours, shouting slurs across the street toward the children’s bouncy house.” Firstly, I’m not sure that the “allegedly” is strictly necessary under these circumstances. You yell at a bouncy house via bullhorn, yelling slurs for several hours, or you don’t. Not a terribly nuanced display to which (un)reasonable minds might disagree. Secondly, there’s no such thing as a split-level bouncy house. It’s a castle, dummkopfs.

Bond Case Briefs