We need a MFPA too

As one hears about all the municipalities that have gotten over their heads in derivatives, it becomes clear that we need a Municipal Financial Protection Agency too.  The MFPA can define the terms of plain vanilla products that are designed for municipalities.  Each state or local government can then decide to what degree employees are allowed to enter into products that are not plain vanilla muni products.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s