tag:blogger.com,1999:blog-3758330678390419129.post8406646074797082350..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: HORRIFIC Under New Bank Regulations Municipal Bonds Are Considered a Highly Liquid AssetRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-34702413252202469122018-03-20T10:47:15.200-04:002018-03-20T10:47:15.200-04:00See also the link below. And consider how only &q...See also the link below. And consider how only "investment grade" securities qualify for HQLA status. More lessons unlearned. https://www.bloomberg.com/news/articles/2017-08-21/counting-munis-as-liquid-even-if-markets-are-dry-quicktake-q-a<br />Bill Bergmanhttps://www.blogger.com/profile/06421134008723499434noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85353251762754431672018-03-20T10:38:50.900-04:002018-03-20T10:38:50.900-04:00See e.g. http://www.nytimes.com/2012/10/24/opinion...See e.g. http://www.nytimes.com/2012/10/24/opinion/why-the-fed-should-buy-munis-not-mortgages.html , http://netrightdaily.com/2017/02/stopping-feds-muni-bond-bailout-ever-happens/ , https://www.hoover.org/research/why-fed-should-only-own-treasuries , http://prospect.org/article/how-wipe-out-puerto-rico%E2%80%99s-debt ,<br />Bill Bergmanhttps://www.blogger.com/profile/06421134008723499434noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3886017977238671012018-03-19T16:49:25.853-04:002018-03-19T16:49:25.853-04:00As you have probably guessed, I'm not an econo...As you have probably guessed, I'm not an economist. Maybe you could walk some of us dimmer bulbs through this and explain just what is going to go wrong. Capn Mikehttps://www.blogger.com/profile/08133441332228302495noreply@blogger.com