“The Fly” believes in symmetry. Ducati ruined Gunners perfect post with a 1 star rank; therefore, Gunners is “awarded” Ducati’s blog. It’s that simple.
Tit for gat.
Since the cat is out of the bag, Ducati has NEVER given anyone, other than himself, more than 1 star. We’re talking dozens of 1 star votes. An egregious voter, if you will.
How’s that for full disclosure?
Hence, iBankCoin welcomes Gunners.
In other news: The monolines are “financial terrorists.” And, they’re f#@%ed (we can say fucked here Barry).
And, Mish gives an update on how fucked the auction fuckers are, with a little unique insight.
Many of the ARS munis are held by leveraged closed end mutual funds. Since the auctions are failing, my guess is they will liquidate the leveraged portion of the portfolio, meaning a cascade on muni paper into the market. Plus, other issuers will be trying to re-finance their ARS, (NY, Tollways, etc.), we should be watching the yields going forward and they should spike sometime in the future. There might be an opportunity in here!