The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Hedge Funds Bet on Coal-Mining FailuresHedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap. […]
- AIG Case Could Turn on Nonstar WitnessesAs testimony wraps up in the long-running trial on AIG’s bailout, testimony from two low-profile witnesses from early in the proceedings may turn out to be the key. […]
- Swiss to Vote on Central Bank's GoldSwiss voters will decide Nov. 30 on an initiative that would force the country’s central bank to double its gold holdings, a prospect that has rattled markets and drawn opposition from the government, lawmakers and business groups. […]
- Hedge Funds Bet on Coal-Mining Failures