Category: News

Muni Bond Defaults Need A louder Alarm

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…

Special Assessment Bonds Trigger 2009 Muni Defaults

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”…