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Posted in Broker-Dealer Issuers New York State NYC Opinion

Opinion: New York’s Large Bond Issuers Must Do More To Elevate Black-Owned Public Finance Firms

June 5, 2020 – All things considered, the $4 trillion U.S. municipal bond market has been welcoming of Black-owned public…

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Posted in Issuers Opinion

Opinion: How The 30-Year Level Debt Structure Is Killing Muni Innovation

April 1, 2020 – When I joined a bulge-bracket Public Finance shop in the 90s, my mentor touted the superior…

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Posted in NYC Opinion Real Estate Taxes

Opinion: Only $550/Month Property Taxes, If You Can Afford Paying $59 Million For This Hudson Yards Penthouse

Hudson Yards is an undeniable success. The Vessel – Thomas Heatherwick’s public installation – is a masterpiece that draws thousands…

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Posted in Investment Banking Issuers Opinion Underwriting

Muni Bankers Should Savor Their 2019 Bonus. Lean Years Lie Ahead.

November 26, 2019 – About this time every year, Wall Street bankers begin the process of performance evaluation and bonus…

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Posted in Cities Climate Change ESG Opinion

Mercer Family-Backed Conservative Group Accuses Municipal Bond Issuers Of Being Hypocrites on Climate Change

October 28, 2019 – In a Wall Street Journal opinion piece published yesterday, Peter Schweizer – President of a conservative…

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Posted in Economy Federal Reserve Markets Opinion

El-Erian: U.S. Federal Reserve Should Not Deliver a Big Rate Cut

July 19, 2019 – In an Op-Ed posted on Bloomberg today, former CEO of PIMCO Mohamed El-Erian expressed concerns on…

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Posted in Economy Issuers Opinion Politics States

[Op-Ed] The Growing “Optimism Divide” Between the North East and the South

[Opinion] July 24, 2019 – Sitting through the issuer presentations at the J.P. Morgan Transportation and Utility Conference in New…

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Posted in ESG Investment Banking Opinion Underwriting

[Op-Ed] New York Should Stop Awarding Bond Underwriting Business to Goldman and Wells Fargo

New York considers herself an enlightened state. From educational equity to gay marriage; NYC ID to tenant protection, both State…

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Posted in Cities Issuers Opinion Politics

[Op-Ed] Can Lloyd Blankfein Become New York City’s 110th Mayor?

July 15, 2019 – At a Hamptons party this weekend, yours truly stumbled on a particularly raucous conversation on the…

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Posted in Issuers Opinion

[Opinion] Should Issuers Refund Build America Bonds (BABs)?

Build America Bonds are the gift that keeps on giving. The U.S. Treasury Department estimated in 2011 that state and…