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Carl Dincesen

 
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  • Municipal Bonds: Woe Is Me [View article]
    Thank You
    Apr 25, 2011. 05:34 PM | Likes Like |Link to Comment
  • Outlook for Municipal Bond Defaults – Settlement on Largest May Come Soon [View article]
    Reply to boyson

    Nearly all of the bonds carry insurance. I should have mentioned that. Some investors are being paid while some others are not depending on which insurer backed the bonds held.
    Insurance was necessary to induce providers of liquidity to stand behind the auctions as buyers of last resort. That obligation terminated when the bond insurers where downgraded.
    Oct 29, 2010. 05:33 PM | Likes Like |Link to Comment
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