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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (87363)8/28/2007 9:46:06 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Tobacco - so they're worried the tobacco companies won't make good on the payments for the settlement? Wouldn't things have to deteriorate pretty far for that? After all, MO still has a 4.0% dividend that could take a haircut before they'd be able to default on the bonds, right? Of course these days, the CEOs have realized that they are stockholders and not bondholders, so bondholders be damned - they'll do everything they can to shift wealth to the stockholders, even if it means bankruptcy.

BC



To: Giordano Bruno who wrote (87363)8/28/2007 9:49:20 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Florida munis: I was looking at VFL. I guess the situation is bad enough in Florida that people are selling the Florida munis now? What is the real potential for muni defaults? I know the flow is going to get pretty tight with falling assessments, but doesn't it take a pretty extreme and sudden dropoff to generate a municipal default?

BC


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