Mar. 20 2011 – 2:01 pm
The negative municipal bond narrative is based on the potential inability of local governments (mostly towns and cities) to make interest payments because of declining revenues and severe budget cuts. That’s the basic Meredith Whitney analysis which sent that market reeling last fall when she dared to suggest it.
To read more:
http://blogs.forbes.com/johnnavin/2011/03/20/is-meredith-whitney-right-about-municipal-bonds/
Filed in Volume News Portal