Headlines Tagged with Bonds — 1,540 headlines found
The SEC's annual examination of the firms' business practices, published on the same day as ProPublica's ratings story, cited numerous examples of how the firms continued to compromise the objectivity of their rating process during the 2013 calendar year
Jan 13, 2015 ProPublica
added Jan 13, 2015 20:42
When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.
Dec 30, 2014 ProPublica
added Dec 30, 2014 23:00
Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.
Dec 23, 2014 ProPublica
added Dec 24, 2014 06:38
In a lawsuit filed in R.I. Superior Court, two mutual funds controlled by Oppenheimer Funds are trying to block the tobacco bond refinancing, which they claim defrauds their investors.
Dec 8, 2014 Providence Business News
added Dec 8, 2014 15:46
Users can see how interest rates and declining cigarette sales affect the bottom line for counties that borrowed against income from the landmark tobacco settlement.
Oct 23, 2014 ProPublica
added Oct 30, 2014 20:25
A refinance of Niagara County’s tobacco bonds was good news — but for investors, not taxpayers.
Oct 23, 2014 ProPublica
added Oct 30, 2014 20:22
The only people making money on these bonds are investment bankers who fooled state politicians into believing that ready money in their state coffers now was more important than any future consequences...all together, the states will spend just 1.9 perce
Oct 7, 2014 New York Times
added Oct 7, 2014 16:16
Managers of two of the largest high-yield municipal funds see a buying opportunity in tobacco securities even as more of the bonds are projected to default. The obligations, issued by state and city agencies and backed by funds from tobacco companies, a
Sep 24, 2014 Bloomberg News
added Sep 27, 2014 14:46
The original agreement made no stipulation how the money would be spent and ProPublica found that the most common use nationally was to pay off old debts. Tobacco bonds are very popular on Wall Street, regarded as much for their uncertainties as their h
Sep 19, 2014 AllGov.com
added Sep 19, 2014 20:25
It seemed a boon then, but as Cezary Podkul tells ProPublica Editor in Chief Steve Engelberg in today’s podcast, things haven’t exactly turned out that way.
Sep 15, 2014 ProPublica
added Oct 30, 2014 20:26