- Judge Blocks Auction-Rate Arbitration against Goldman.
- WSJ: Borrowing Maneuver Catches Flak.
- State Treasurer Cites Potential Adverse Effects of Proposed Regs on Arbitrage Restrictions.
- Bank of America Settles Municipal Bond Rigging Lawsuit.
- NYT: Pension Ruling in Detroit Echoes West to California.
- Fitch & Moody’s U.S. Public Finance Teleconferences.
- NYT: Playing Pension Games.
- WSJ: Volcker Rule Could Raise Municipal Borrowing Costs, California Treasurer Says.
- Gulf Coast Housing Partnership, Inc. v. Bureau of Treasury of City of New Orleans, in which the court concluded that property owned by Louisiana LLC that is a wholly-owned affiliate of a Delaware nonprofit corporation exempt from paying federal tax is not exempt from paying local ad valorem taxes on that property.
- We reccomend that you schedule your next riot and/or affray in Arkansas, whose Supreme Court this week reached the obvious conclusion that $25/month is thoroughly adequate compensation for constables tasked with “suppressing all riots, affrays, fights, and unlawful assemblies; keeping the peace; and arresting offenders.”
- And finally, BCB’s euphemism of the month is brought to you by Duffy v. Town of Berwick in which we learn that the toxic waste product generated by automobile recycling plants is called “fluff.” Adorable.
