How can investment advisors monitor the 1.5 million cusips from 60,000 different issuers if most bonds ratings are stale or are not rated at all? We need an Bond early…
Here is a good interview with our favorite radio host, Brain Lehrer from WNYC and Andrew Ross Sorkin, columnist and financial reporter for The New York Times as they discuss…
Its fair to say that when rating agencies recalibrated their muni ratings in Q2 2010 to bring them in-line with other debt types, they did not conduct a credit review….
The Las Vegas Monorail Project is dead but long live its muni bonds which while in default, still trade regularly. They are “junk” muni bonds yielding 15%.
A federal court actually allowed an American Indian tribe to get out of a $50 million bond it owed to a private investor, raising concerns among other tribal-casino lenders. The…
Take a look at this WSJ video with Bob DiMella, manager of the Mainstay Tax Free Fund. In summary he says:
Buffet says ” when the tide goes out, you get to see who is swimming naked”.
Less than a month before the $43.4 million municipal bond default of Boston based Crosstown Center , some unsuspecting retail buyer purchased $100,000 of the now defaulted bonds. Whats troubling…
It seems for now that AMBAC may win its fight to survive, unless a few muni defaults of AMBAC insured bonds bankrupts them. The insurer can at least rely on…