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…
Take a look at this WSJ video with Bob DiMella, manager of the Mainstay Tax Free Fund. In summary he says:
Buffet says ” when the tide goes out, you get to see who is swimming naked”.
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…
The Short Version Remember when muni bond insurance was supposedly bulletproof? Well, those days are gone Bond insurers went from heroes to zeros in the municipal market Only about 10%…
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”…
In mid August, the bond section of the Charles Schwab brokerage Web site said a representative ten-year, single-A muni yielded 5.9%, and a ten-year, triple-A yielded 4.1%. But when you…
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 )