The Painful Truth is that as debt increases, so do the risks it will be politically, economically and financially worthwhile for borrowers to walk away from paying back their loans…
Is there an Evolving View of Bankruptcy in the Municipal Market?
Ironically in many cities taxes are going up regardless of home prices going rising or falling. The annual operation costs that towns must pay for schools, police, fire and other…
The State of Illinois is now at the bottom of the pack of fifty states. With a general-obligation rating lowered to A2, it is now the lowest-rated by Moody’s of…
Recently there has been much talk about the high level of Puerto Rico bond debt and the associated financial deficit for 2012. In the past, there has generally been demand…
Rumors about Puerto Rico’s financial problems surface as often as the seasons change. We have been hearing the sky is falling about Puerto Rico for years now. Some say if…
The municipal bond market had a terrific January, on both a nominal as well as a relative basis, as the market continued its trek out of the wilderness that dominated…
Assured Guaranty Ltd., the only active municipal bond insurer, said it will reconsider guaranteeing public bonds in states without procedures for reviewing and approving local bankruptcy petitions. “Local governments must…
Obama’s Jobs Bill Will Punish Muni bonds. Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way. The Obama Administration wants to…
We have fielded many questions in the last few days about what effect the downgrade of the United States debt from AAA to AA+ and the effect on the 11,000…