strongopinion

Municipal Bond CEFs: Unexplainable Weakness Continues

I dont understand why the blackrock etf munis such as BNY are takuing such a beatring. Currently they have not missed a dividend and are paying out 9.5%. What is causing this. As I understand it they are at this time able to roll over the loans financing their Preferred Shares. Can any one shed some light on this condition.

Greenspan & PIMCO: A Gross Conflict of Interest

I am in complete agreement and if the attorney general was doing his job he would bring charges against Alan Greenspan for allowing him to use his influence to effect the market price of Freddy and Fannie to the negative for his and Pimco's gain. This is not the first time he has done this. Regarding Maria Bartiromo's interview she is much too smart in my estimation, to have allowed him to get away without stating that he worked for Pimco and Pimco had major positions whereas they stood to gain many millions of dollars if the stockholoders were wiped out by the government takeover or the stocks suffered a major setback in value.