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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (117615)1/27/2009 10:35:25 AM
From: Knighty Tin   of 132070
 
I have long supported the muni bond insurance offered by the Texas Permanent School Fund. Unfortunately, they are not currently issuing any new insurance. This is a good thing, fiscally, as school borrowing has increased while their funding from land and mineral leases has declined. They are better capitalized per bond issued than any other insurance organization (by about 8 times), but they want to keep their super solvent ratio. Which means, the PSF insured bonds are a great buy, but new ones are not available right now. And people rarely sell the old ones.
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