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.
- J.P. Morgan's Barista-Turned-Banker Sees Good Things BrewingIvette Agosto’s years of serving coffee to J.P. Morgan bankers got the Starbucks worker noticed—and hired. […]
- French Banks Lifted by Lively Stock MarketsSociété Générale and Crédit Agricole said their first-quarter results were boosted by volatile markets and amid growing signs the European economy is picking up. […]
- Greece Jitters Rattle European MarketsConcerns over the future of Greece continued to rattle European markets, capping equity gains and putting pressure on government bonds. […]
- J.P. Morgan's Barista-Turned-Banker Sees Good Things Brewing