The FINREG bill signed into law this week is already creating economic casualties and a complete standstill for new bond issuance.
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….
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…
Buffet says ” when the tide goes out, you get to see who is swimming naked”.
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…
In terms of safety, governors and state treasurers argue, GO state debt should be equivalent to Treasury bonds, or at least triple-A-rated corporate bonds. Although states can’t print their own…
Reading thru Jeffrey R. Kosnett column from Kiplinger “Beyond bond ratings”, (Oct 7, 2009 )
Would you want to own muni bond that hasn’t been given a sniff test for 20 years? Well this is a common concern for muni investors according to the N.Y. Times “When…