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IPFS News Link • Government Debt & Financing

Bloodbath in Muni Bond Funds; Reasons for the Muni Selloff

12-15-2010 • GlobalEconomicAnalysis.blogspot.com

Here are several examples of rising default risk: Detroit Mayor Plans to Halt Garbage Pickup, Police Patrols in 20% of City; Expect Bankruptcy, Massive Municipal Bond Turmoil in 2011 Miami Commissioner Says Bankruptcy is City's Best Hope; Chris Christie Says New Jersey Careens Towards Becoming Greece Oakland California Bankrupt - Councilwoman Pat Kernighan Calls Rest of Council "Crazy and Irresponsible" L.A. Controller Says City Could Run Out of Cash by May 5 Chicago's Mayor Daley Discusses Bankruptcy For City Pensions All it takes is one brave municipality to lead the way and others will follow. When that happens, the baby will likely be thrown out with then bathwater. There is no reason to like Munis here.

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Reported By Jack Gregson

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