Category: Municipal Bonds

Muniland and Pensions, (2/15/11)

“In December, projections by Meredith Whitney, the banking analyst, about possible municipal defaults began to rattle the $2.86 trillion municipal-debt market. Investors withdrew $1.2 billion from U.S. municipal-bond mutual funds,…

Muni Defaults: Whitney and Roubini (3/26/11)

“The rule on staying alive as a forecaster is to give ’em a number or give ’em a date, but never give ’em both at once.”

Museum Bonds Default

Smart Money magazine and the  NY Times reported on the  NYC American Folk Arts museum that went bankrupt by defaulting on its muni bonds in Mid August 2010.