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If congressional hearings can be seen as a lagging indicator, investors may be right to be...

If congressional hearings can be seen as a lagging indicator, investors may be right to be worried about the muni bond market: A House panel is holding a hearing this morning titled "State and Municipal Debt: The Coming Crisis?"
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Comments (4)
  • bbro
    , contributor
    Comments (9915) | Send Message
     
    Isn't it the other way around???...when Congress starts looking at it....
    the problem is already priced into the market...
    9 Feb 2011, 08:51 AM Reply Like
  • wyostocks
    , contributor
    Comments (8522) | Send Message
     
    Is this the same U.S. House of Representatives that told us that Fannie and Freddie were solid and there was nothing to worry about?
    9 Feb 2011, 08:54 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    bbro is right. This is priced into the market.

     

    It does make me wonder though. The great stimulai of the recent past had nothing to do with shovel-ready anything--the money went to funding state and local governments so they could maintain the status quo. Now that those money transfers are going to end, we face "The Coming Crisis."

     

    How much better for us if we could have gone through this 4 years ago at the advent of the Pelosi Era.
    9 Feb 2011, 09:03 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The coming crisis means more spending...can´t let a crisis go to waste
    9 Feb 2011, 09:06 AM Reply Like
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