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Kyle Glazier

Recent Stories From this Author

Lawmakers Threaten SEC with Ultimatum on MCDC
August 29, 2014 A bipartisan House duo is threatening the Securities and Exchange Commission, warning it must further ease the Municipalities...

Muni Groups Urge SEC To Require MA Supervision Rule Changes
August 28, 2014 The Municipal Securities Rulemaking Board failed to address concerns that its proposed municipal advisor supervision rule will...

PREPA Pacts Reinforce Banks' Priority Over Bondholders
August 27, 2014 The authority's forbearance arrangements with creditors reinforce banks' claims of priority over bondholders in getting...

SEC Rating Agency Reforms Positive for Munis
August 27, 2014 The Securities and Exchange Commission's new credit rating agency reforms seem to make some positive strides for the muni...

Non-Dealer, Dealer Advisors Concerned About MA Core Rule
August 25, 2014 Non-dealer municipal advisors are concerned that the Municipal Securities Rulemaking Board's draft core MA rule contains an...

SIFMA on Track to Increase Spending on Lobbying
August 22, 2014 Municipal bond broker-dealer groups have spent nearly $5 million trying to influence federal lawmakers in recent months, using...

Existing Home Sales Up 2.4% to 5.15M Pace in July
August 21, 2014 Existing home sales rose 2.4% to a seasonally adjusted 5.15 million-unit rate in July from a revised 5.03 million pace the...

Dealers Warn New Best-Ex Provisions on SMMPs Costly, Burdensome
August 21, 2014 Dealers are objecting to new provisions added to the best execution standard the Municipal Securities Rulemaking Board filed...

GFOA Releases More MCDC Guidance
August 20, 2014 The Government Finance Officers Association has issued a new alert on the Municipalities Continuing Disclosure Cooperation...

Forbearance Agreement Raises Risks For PREPA, Bondholders
August 20, 2014 The Puerto Rico Electric Power Authority's decision in its forbearance agreement to disclose certain information to only some...


Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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