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IPFS News Link • Economy - Economics USA

Goldman Recommends Credit Default Swaps Against NJ, CA, WI, FL, OH, MI, Others

12-10-08 • Michael Shedlock / Mish

There is probably another dozen or two states waiting in the wings. Expect to see municipal bond yields rise. And states are going to have to cut services, raise taxes, or both. That means more job losses, more foreclosures, and more bankruptcies...

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Reported By Jack Gregson

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Goldman Recommends Credit Default Swaps Against NJ, CA, WI, FL, OH, MI, Others

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