RE: [RT] Muni Bonds Are Shunned As Credit Crisis Widens

["Mark Simms" <marksimms@xxxxxxxxxxx>]

This is somewhat of an overreaction....how many cities, municipal entities, etc. have gone backrupt

or not paid their obligations in the past 5 years ?

Once the bond issurers are nationalized, this particular crisis will pass.

However, this is only one of many financial crises to come.

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Sunday, February 17, 2008 2:31 AM
To: realtraders@xxxxxxxxxxxxxxx
Cc: vincenn
Subject: [RT] Muni Bonds Are Shunned As Credit Crisis Widens

 

----- Original Message -----

Sent: Saturday, February 16, 2008 2:10 PM

Subject: [TimeandCycles] Muni Bonds Are Shunned As Credit Crisis Widens

Muni Bonds Are Shunned As Credit Crisis Widens - Bonds and Treasuries * US * News * Story - CNBC.com

 

The credit crisis is spreading from Wall Street to Main Street.

Investors are starting to shun municipal bonds, the debt securities that states and cities issue to fund everything from sewer projects to new schools. Though muni bonds have long been considered among the safest investments, few are buying them because of worries about the safety of bond insurers that back the bonds.

AP

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On Tuesday, two muni auctions failed to find buyers, and experts said that was the first time this had ever happened. Conditions have only worsened since then, they explained

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