waldipup

Muni Defaults Triple

"Of the 30 bond issues that have defaulted so far this year, more than half are from issuers in two of the states that have figured prominently in all tales of the housing bust: 10 in Florida and seven in California."

Minus this localized phenomenon per the realestate tie-in , munis are not lookin so bad.

Seems like future muni -problems will also be centered on bubble type areas.

Instead of "Muni Defaults Triple" , a somewhat scary doomsday headliner , why not

"Munis Suffer In R.E. Bubble Locals" , something less ominous , and more helpful and to the point.