Pick your kink:
Competence porn
or
Incompetence porn
How many historical books will lead off with the algae as an opening metaphor
The magic of the US muni market/industry is that you can take almost anything that looks like a revenue stream and securitize it into debt to get a big upfront pop of money instead. The PROBLEM with the US muni market/industry is that you can take almost anything that looks like a revenue stream...
Chicago, and stadium/arena politics
I'm recoiling in horror at this
Despite decades in The Business, every day I learn something new. And today, I learned about this and said "you have got to be fucking kidding me" to myself. Nassau County, NY et al, in the United States, and niche muni bond risks...