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IPFS News Link • Government Debt & Financing

John Carney on the Dangers in the Muni Markets: Meredith Whitney Has Company

02-21-2011 • EconomicPolicyJournal.com

The notion that taxpayers and public workers will feel the budgetary pain, while bondholders won't vanishes in the presence of thought. --- A very good precedent to keep in mind. @eradke @carney what happened to bond holders in GM? History may repeat itself --- Selling muni CDS is the new leveraged muni fund. Recipe for disaster for sellers if portfolios get big enough. --- How many top Russian officials were openly advocating default in, say, February 1998?

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Reported By Jack Gregson

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