Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Haim R. Branisteanu who wrote (72311)	2/1/2010 6:52:48 AM
From: KyrosL	Read Replies (4) of 74559

Federal debt and muni debt are not exactly equivalent. In general there are not many hard assets behind Federal debt. But most of muni debt has real assets backing it such as power plants, stadiums, hospitals, etc. Theoretically, privatizing those assets would eliminate a lot of the muni debt. Take a look what a city near bankruptcy is doing. Asset sales are integral to the process, and muni debt will probably emerge from the process not with much loss of principal. Message 26289176

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next