As was widely reported yesterday, Warren Buffet appears to have doubts about the health of municipal bonds. Here is a post that help's explain some of the issues at stake in local government finance. Money quote: "given what happened with subprime mortgages, it's a wonder the ratings agencies haven't been duped with municipals (so far)."
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Copyright © 2013 Manhattan Institute for Policy Research, Inc. All rights reserved.
52 Vanderbilt Avenue, New York, N.Y. 10017
phone (212) 599-7000 / fax (212) 599-3494
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