The federal-municipal split is essential to the story, at least implicitly.
Media attention has turned away from the camps to the fallout from Sunday's municipal elections, with splits appearing in the Socialist party of the prime minister, José Luis Rodríguez Zapatero.
The public hospital network of Rio de Janeiro state is split into municipal, state and federal government-managed units, as well as those run by philanthropical organizations and universities, which fact has hindered the integration of the emergency medical services.
Seeking to avoid a similar fate, MBIA restructured in 2009 under the supervision of New York's insurance superintendent, splitting its municipal bond business from its structured finance operations.
Dexia's French municipal financing arm would be split from the group and merged with the French state bank Caisse des Dépôts and the banking arm of the French postal service, Banque Postale.
At the same time, Dexia's French municipal financing arm would be split from the group and merged with the French state bank Caisse des D ts et Consignations and Banque Postale, the French post office's banking arm.
Australia, by contrast, lifted interest rates to a 12-year high to slow raging inflation.Monoline insurer Ambac will not split its healthy municipal bond business from its troubled structured finance arm, sources said.
One of the developments has been to reorganise their services by introducing a purchaser-provider split in the municipal organisation [ 34].
"Perfect for a taxable account, this fund is split: 50% intermediate municipal bonds and 50% equity, with a bias toward low-yielding [tax-efficient] stocks tracking the Russell 1000".
On Friday The Wall Street Journal reported that Financial Guaranty Insurance Corp. FGICC) notified New York insurance regulators that it wishes to be split up, moving its municipal bond business into a new separate company.
The local government's duties are commonly split between county and municipal governments.
