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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?


To: Asymmetric who wrote (1230)11/11/2010 12:37:04 PM
From: tejek  Respond to of 1428
 
The Next Credit Crisis? Munis
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Debtholders Are Left Steamed as Some Cities Forgo Repayment Promises


Yup. That's what makes the monolines real dangerous.....they are getting it from both sides.......their core businesses which is municipal debt and from housing, a market they unfortunately decided to enter after 2000.