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.
- How to Fire Your Financial AdviserWeekend Investor: Cutting ties with someone who has helped you navigate tough financial issues can be difficult. Here's how to go about it. […]
- Cocoa Rises to Near 3-Year HighCocoa prices were trading near a more-than-three-year high Friday as strong demand for chocolate continued to buoy the market, overshadowing an uptick in production. […]
- Bankers Lament Loss of Deal Code NamesFor young bankers, choosing code names for deals is an amusing diversion from financial modeling, but one deal-making powerhouse is putting an end to the name game. […]
- How to Fire Your Financial Adviser