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Cali’s got it good compared to Sicily (Part 2) – Not Anymore

California credit default swaps have once again taken over the Sicily CDS to become the widest municipal CDS.

Disclosure: long all stocks
Stocks: AKP, BCK, BCL, BFC, AFB, MUNI, APX, BBK, NAC, NAD, MYI, EIA, EIV, CEV, EIM, EFT, EFR, RMUNX, MUA, MUB, MUC, MUAA, MUAB, MUAC, IBMD, IBME, IBMF, MAF, PCQ