Tuesday Links
Wallabout. Photo by Pro-Zak. Living in a Houseboat on the Hudson River [NY Times] The Race to Develop a Toxic Waterway [Gotham Gazette] Councilman Wants to Restrict ACRIS Access [The Real Deal] 7 Competing for Miss. Brooklyn Title [NY Daily News] Yvette Clarke: Not-So-Superdelegate? [Hawthorne St.] Falafal Coming to Church Ave. [Kensington Blog] Mixture of…
Wallabout. Photo by Pro-Zak.
Living in a Houseboat on the Hudson River [NY Times]
The Race to Develop a Toxic Waterway [Gotham Gazette]
Councilman Wants to Restrict ACRIS Access [The Real Deal]
7 Competing for Miss. Brooklyn Title [NY Daily News]
Yvette Clarke: Not-So-Superdelegate? [Hawthorne St.]
Falafal Coming to Church Ave. [Kensington Blog]
Mixture of Styles in Gowanus [Velvet Sea]
The Mysterious Masks of Tiffany Place [Lost City]
Di Fara’s Slices Now Cost $4 [NY Post]
Pirates Invade Bay Ridge [Right in Bay Ridge]
Oh Brooklynnative, Please rap your mind around this. This is what happens when Monolines blow up. Happy reading!
Vallejo On Brink Of Bankruptcy
http://www.nbc11.com/news/15345539/detail.html
Dig this!
The city of Vallejo is on the brink of becoming the first California city ever to declare bankruptcy.
But not the last one!
The What (Retrofitting the bunker)
Someday this war is gonna end..
Well.. I’m still going to chill…
To answer your question Brooklynnative, Monolines provide insurance to multiple forms of Bonds. From MBS, Muni, CDO and Derivatives. If these companies are allow to split they would lose their AAA Rating.
With out this rating they cannot insure bonds and borrowing cost (Rates) will go to the moon.
People who buy Bonds would want a higher rate to insure against default. So this is a bad idea and would lead to Unintended Consequences.
http://en.wikipedia.org/wiki/Unintended_Consequences
The What
Someday this war is gonna end…..
that’s not wallabout – its vinegar hill. evans st.