This article was updated on January 17th, 2025 Less than a month before the $43.4 million municipal bond default of Boston-based Crosstown Center, an unsuspecting retail buyer purchased $100,000 of…
Key Developments AMBAC shows signs of survival despite recent bankruptcy concerns Company reports $856M surplus, exceeding regulatory minimums Stock price jumps over 30% to $1.30 $440 million tax refund provides…
Muni bond defaults moved past $4 billion from January thru September 2009 driven partly by the bursting of the real estate bubble which in turn triggered defaults in “Special Assessment”…
Would you want to own muni bond that hasn’t been given a sniff test for 20 years? Imagine investing in a municipal bond that hasn’t been evaluated in two decades….