More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

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?

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor