Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (72825)	3/20/2010 9:25:36 AM
From: pcyhuang	Read Replies (2) of 74559

You wrote: "Thus, more debt defaults and bankruptcy filings probably lie ahead, unsettling the $2.7 trillion municipal-bond market. The possibility of taxpayer revolts and likely insolvencies has shaken some investors' confidence in general-obligation bonds -- those backed by the "full faith and credit" of the states or localities. Once the gold standard for MUNIS, GOs are under a cloud in financially troubled areas." Please visit: Insurers Benefiting from Loosening Credit Ratings on Munis Message 26399493 Cheers,

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