Bond Insurer Break-Up: Beware Unintended Consequences [View article]
My understanding is that General Obligation Bonds have a good record of paying off. There is a point at which funds from property taxes will dry up because of mortgage default and shrunken real estate values.
Best and Worst Dow, S&P 500 Performers YTD [View article]
Bond Insurer Break-Up: Beware Unintended Consequences [View article]