Municipal Bonds 12/24/2006
Municipal Bonds
JPMorgan, AIG Probes Widen in `Black Box' Schemes Denying Housing to Poor Lucy Morris, a retired school custodian in Pensacola, Florida, is waiting for help from $220 million of bonds issued to improve housing for the poor. She lives alone in her one-bedroom apartment, decorated with red and yellow plastic tulips that distract her from the weeds, cinder block walls and barbed wire security fence outside.
Hevesi, New York State Comptroller, Quits in Plea Deal Over Wife's Drivers New York state Comptroller Alan Hevesi pleaded guilty to defrauding the government and agreed to resign from his office immediately for using state employees as drivers and personal aides to his disabled wife.
Tennessee City Settles IRS Audit of Bond Issue Over Investment of Proceeds Johnson City, Tennessee, settled an Internal Revenue Service investigation into $33.3 million of bonds issued in 1997 that may have allowed Bear Stearns Cos. to make excessive profits and share them with another firm.
Georgia Natural Gas Bonds Cap Busy Year for Municipal Prepayment Sales A $1.06 billion bond sale in Georgia this week capped the busiest year for U.S. municipalities borrowing to prepay for natural-gas supplies since new federal rules on such debt offerings took effect three years ago.
New Jersey Pension Fund Drafts Rules for Oversight of Hedge Fund Holdings New Jersey's Investment Council, which oversees the state's $77.8 billion pension, is drafting rules for increasing oversight of its hedge fund holdings as it continues to make investments beyond stocks and bonds.
Mission Health, Chicago, Washington D.C. Convention: Municipal Bond Alert Following is a description of pending sales of municipal bonds in the U.S.:
JPMorgan, AIG Probes Widen in `Black Box' Schemes Denying Housing to Poor Lucy Morris, a retired school custodian in Pensacola, Florida, is waiting for help from $220 million of bonds issued to improve housing for the poor. She lives alone in her one-bedroom apartment, decorated with red and yellow plastic tulips that distract her from the weeds, cinder block walls and barbed wire security fence outside.
Hevesi, New York State Comptroller, Quits in Plea Deal Over Wife's Drivers New York state Comptroller Alan Hevesi pleaded guilty to defrauding the government and agreed to resign from his office immediately for using state employees as drivers and personal aides to his disabled wife.
Tennessee City Settles IRS Audit of Bond Issue Over Investment of Proceeds Johnson City, Tennessee, settled an Internal Revenue Service investigation into $33.3 million of bonds issued in 1997 that may have allowed Bear Stearns Cos. to make excessive profits and share them with another firm.
Georgia Natural Gas Bonds Cap Busy Year for Municipal Prepayment Sales A $1.06 billion bond sale in Georgia this week capped the busiest year for U.S. municipalities borrowing to prepay for natural-gas supplies since new federal rules on such debt offerings took effect three years ago.
New Jersey Pension Fund Drafts Rules for Oversight of Hedge Fund Holdings New Jersey's Investment Council, which oversees the state's $77.8 billion pension, is drafting rules for increasing oversight of its hedge fund holdings as it continues to make investments beyond stocks and bonds.
Mission Health, Chicago, Washington D.C. Convention: Municipal Bond Alert Following is a description of pending sales of municipal bonds in the U.S.:
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