Active interest this morning in Credit Default Swaps on New York Munis. Not surprising given that New York is going to take it on the chin if the recent slew of bonus-bans takes hold. To the extent taxes are a municipality's lifeblood, New York is about to get exsanguinated.
9-Figure Fine Might Have A Negative Effect On Bonuses: RBS
Those rate rigging penalties aren't going to pay for themselves.
Bill Ackman Hates Herbalife So Much That He Might Be Dealing With Albany Politicians In Order To Kill It
"Albany? You cray bro." - Carl Icahn
Bank of America Prime Brokerage Invents New Neighborhood
It's called the Golden Rectangle. And if you're reading this, there's a decent chance you work in it.
Swiss Bitcoin Entrepreneur Is Only Kind Of Saying That New York Is Like North Korea
He's just saying that Ben Lawsky is "Kim Jong Un-ish."
So Taxes Are Going To Be Pretty Important To Pay For Rebuilding America, Huh?
They’re on everyone’s mind. Higher ones, that is.