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"If you are an investor in municipals you should be very, very careful," JPMorgan CEO Jamie...

"If you are an investor in municipals you should be very, very careful," JPMorgan CEO Jamie Dimon warns. He expects more municipal bankruptcies this year, as states contend with $140B in deficits.
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Comments (3)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    B.S. The Bernank said this morning he will buy muni's if necessary. Well guess what, it's necessary.
    12 Jan 2011, 08:38 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    If he did..its over folks....that means trillions more in debt.....States and Cities and probably pension funds also...and its all printing presses now...its not an investment anymore....
    12 Jan 2011, 08:43 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Ignore this warning at you own risk. There will be a huge tug of war between the municipalities which require funds to fund existing and proposed needs and taxpayers who do not want to or cannot afford to fund the insatiable appetite for more and more cash. How would you like to live in Illinois and wake up this morning to a higher tax bill? Someone has to pay or someone has to suffer the cuts.
    12 Jan 2011, 08:47 AM Reply Like
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