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New Risks Emerge In Municipal Bonds

Thursday, November 11, 2010 - 6:20 AM
From the Wall Street Journal:
The housing crisis was fueled by cash-strapped homeowners who walked away from their mortgages. Some analysts and investors now are worried about the same problem happening with debts of cities and towns.

Here's a useful tip for those buying individual munis:
The greatest default risk is in small municipalities with overleveraged projects buffeted by the recession.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634