MuniShe's Profile
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Entry: Goldman Not Kowtowing To Little Rich Boy Clients
posted by MuniShe
Aug 14, 2008 1:28PM
Tax exempt issuers will convert if they can save off of where they would issue long term fixed ... can just call that 5%. The problems come in when they have swaps attached to the VRDNs or ARS that create an extra cost to conversion.
Also, most issuers are angry that they got talked into these products and then screwed so they have no incentive to help the brokers out who are now going to have to hold these products on their balance sheets.
Entry: Goldman Not Kowtowing To Little Rich Boy Clients
posted by MuniShe
Aug 14, 2008 1:32PM
just noticed i wrote that first part wrong ... but assuming the ppl here are smart enough to get it. in the middle of trades ... back to work.
Entry: Levels II and III CFA Exam Results Are In!
posted by MuniShe
Aug 23, 2008 8:32PM
Total late, but thankfully made it through level II, one more to go...
Entry: Layoffs Watch '08: Condolences To Those Of You Still Employed
posted by MuniShe
Aug 27, 2008 3:02PM
Actually $405 is the max in New York.
Entry: Just Wondering
posted by MuniShe
Sep 05, 2008 4:47PM
Jason Mulgrew blogged about it last year or the year before. Sounds like it might have been full of the socially awkward.
HAM: cfa studying doesnt have to be your whole life...
Entry: DB needs a new IT guy/intern/slave
posted by MuniShe
Sep 10, 2008 1:36PM
Im with blndbnker, entertain us.
Today is slow and my tix keep erroring out, apparently DB isnt the only one having tech problems.
Big news seems to come out on Sunday, wait to see til then.
Entry: Write-Offs: 09.15.08
posted by MuniShe
Sep 15, 2008 8:42PM
ha, did Fitch downgrade first? CNBC is not even mentioning them.
Entry: That Short-Lived AIG Explosion
posted by MuniShe
Sep 16, 2008 12:22PM
Are the people discussing GM not in finance? It seems they are missing the point completely ... just my humble opinion.
Entry: That Short-Lived AIG Explosion
posted by MuniShe
Sep 16, 2008 12:35PM
Saying that it is short term pain to let AIG fail is once again missing all the connections and long term effects. Think about the budget crisis that many states are already facing, the employment crisis already happening in finance, and then their huge book of assets that would flood the market. Not sure a government bailout is a great solution, but their failure would create a lot of pressure in areas that are already hurt.
Also, with their failure I assume home insurance would be safe, but what about all the hurrican victims in TX ... not sure about this as I have not looked into it ... but just another issue to face.
Entry: That Short-Lived AIG Explosion
posted by MuniShe
Sep 16, 2008 12:52PM
46-
But do we really want to go into a depression?
Entry: That Short-Lived AIG Explosion
posted by MuniShe
Sep 16, 2008 1:03PM
I suppose we shall just have to wait and see. Right now some really cheap stuff out in the market to keep your money safe if you know where to look so not insanely worried. Great time for our (my?) generation to learn as well.
Entry: That Short-Lived AIG Explosion
posted by MuniShe
Sep 16, 2008 1:12PM
Who said anything about stocks?
Entry: So Long To All That
posted by MuniShe
Sep 19, 2008 4:48PM
Thnx for the posts over the years and best luck ...
Agree you should stop by for guest posts every once and a while.
Entry: Totally Unfounded Rumors: Morning Edition - Broken Paper
posted by MuniShe
Sep 25, 2008 11:03AM
SIFMA is the weekly tax-exempt benchmark and has reset to 7.96% this week, even that is not getting the weekly variables (municipals) out of the door. Seeing discounts up to 10% for two weeks on TOB paper and high quality short term paper.
Entry: Good Morning, John Wilkes Booth School of Business Students
posted by MuniShe
Nov 07, 2008 12:26PM
@37 - Also has a lot to do with creating a legacy.
@ 33 - Need the basic building blocks of economics/finance to build a better understanding of what is happening currently. And a lot of this stuff does hold if you get past the basic 101 and dig into the theories
Entry: Let's Talk About: Level II And III Results
posted by MuniShe
Aug 18, 2009 1:38PM
cfa done, three for three ... and as a muni cfa chick ... some of us arent so bad to look at.
Entry: Let's Talk About: Level II And III Results
posted by MuniShe
Aug 18, 2009 3:22PM
and finance dudes are just a symbol of manly grace and dignity of course
oh and posting your pic on one of these sites seems like a great career move, i am all over that idea for sure
Entry: Let's Talk About: Level II And III Results
posted by MuniShe
Aug 18, 2009 4:41PM
Does that mean a CFA and MBA are redundant? Seems most places expect the younger generation to get both to really move ahead ... tho I agree grad school was a bit of a waste.
Entry: Goldman Not Kowtowing To Little Rich Boy Clients
posted by MuniShe
Aug 14, 2008 12:50PM
Max rates vary dramatically and the ones that have not been converted have the lower max rates. No incentive for issuers to convert, the investors get screwed for not reading the fine print.
We were laughing about the lack of GS name in the news yesterday ... And they pushed this stuff the same as everyone else. Just pushed it with a bit more disclosure compared to some of the other shops.