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As I told Joe Mysak at Bloomberg earlier today, I still think that there is a medium term default threat for CA, IL and NY, in that order, but so long as the banks keep paying the advances on foreclosed homes, the problem will be kept at bay. Who really cares about the intransigent believers that remain, for whom a forceful narrative has always been more relevant than facts? In an earlier post, Default and Bankruptcy in the Municipal Bond Market, I suggested that conduit debt for healthcare and housing would continue to be the largest source of municipal defaults this year. The single largest monetary default was a housing project. This meant the trustee had to make a draw on the credit facility that supported the debt.
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Whitney Port Gets Real About Pregnancy: 'It’s Not All Glowy Skin and Sunshine and Butterflies'
After Cummings shared her topless photo on Twitter, an IStandWithWhitney trend began, prompting users to share their own embarrassing photos in support. On Monday, the comedian, 36, revealed in a series of tweets that she was being blackmailed by some social media users, who obtained a screenshot from a previous Instagram Story that accidentally showed her nipple. Though Cummings deleted the video shortly after posting it, the users screen-grabbed it and threatened to release it if the star did not pay them money — but Cummings opted to share the photo herself in order to take control of the situation. So here it all is, you foolish dorks. The image, which appears to have been taken in a bathtub, shows Cummings holding up a white sponge and accidentally displaying her nipple in the bottom right corner.
Whitney is famous for her accurate bearish call on Citigroup in , but since then some of her calls haven't panned out — like her assertion that municipal governments would go bankrupt. Now it seems like she's switching strategies. This comes after months of people wondering what was going on with Whitney. At that time, the word that she was starting a hedge fund was just that — a word. A high-profile newspaper op-ed by a former BlackRock Inc executive questioned the value of sustainable investing in solving problems, prompting other industry analysts to defend the role of funds that push for change in environmental, social and governance ESG corporate policies.