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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Midwest_Investor who wrote (41784)	12/29/2008 2:18:52 PM
From: Kirk ©	Read Replies (3) \| Respond to of 42834

"But CA GO and CD's are two entirely different things from a tax standpoint...." Brinker should have answered the caller's question about advice BRINKER GAVE to buy CA GO bonds on the radio rather than evade the question. Why not explain how this works and that call risk is real with these bonds? investorwords.com Why make up some silly reply that made it sound like he had DIFFERENT bonds than she was asking about? Who cares what he owned? BTW, since the state borrowed money at a lower rate to call the bonds on the call date, CA has SAFE CASH that it could use to pay the bond off immediately. Instead, CA invests the money in Treasuries until the call date so it can make some of the difference. I bet if it got a negative return, it might consider paying the money back immediately rather than escrow it.