The Hedges Need Trimming

It seems as if only yesterday we were discussing in these pages the existence of the Working Group in the Capital Markets. Many an establishment observer has disputed the idea that the government engages in market manipulations. However, just as former president Bill Clinton backpedaled on the idea [...]

Deserting A Sinking Ship

Bloomberg News recently featured the following headline and story, “Alabama County Sued by Bond Insurers Amid Stalled Debt Talks”. Jefferson County was stung this year by its reliance on bonds with interest rates that periodically reset, a strategy promoted by Wall Street as a way for borrowers [...]
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