jmorace

Why the Muni Bond Market Is in Decline

If TARP was worked as it was sold to us, MBIA and AMBAC would be bailed out and their guarantees would then be worth something. This would bring a lot of individual investors hording liquidity back into the market.

Without these guarantees, it's treacherous work to figure out the specifics of each muni bond and make a selection.

Too bad the boneheaded execs at MBIA and AMBAC weren't former Goldman employees, then they'd have all the money in the world from their pal Paulson.