Watchdog: Borrowing Trouble – Chicago Tribune series

A great series finished last month on the Chicago Public Schools district’s engagement in complex bond deals, the lack of public oversight, and the high costs of many of those deals. I’ve been researching interest rate swaps for over a year, and I’m impressed with the thoroughness of the reporting …

Muni Bond legislation

As the Libor scandal unfolds, scrutiny turns to other bond markets, including the municipal bond industry’s price-setting institutions. The Municipal Market Data index (MMD) sets rates that “influence a much smaller market than Libor, but it is one that is crucial to how cities and states across America borrow money …