911Bob
Offer Upgrade
User ID: 1067231 United States 01/24/2011 02:21 PM Report Abusive Post Report Copyright Violation | Breaking! S&P warns of more muni bond downgrades! And so it...well, you know. NEW YORK (CNNMoney) -- Just as fears about a heavy sell off in the municipal bond market seemed to be easing, Standard & Poor's issued a warning that this year could bring a potential surge in the number of downgrades of bonds issued by state and local governments. States including California, Illinois and New York are strapped for cash and dealing with deep budget deficits, sparking fears that states and cities could fall short in payment obligations to muni bond holders. [ link to money.cnn.com] |
Synchronicity
User ID: 1241837 United States 01/24/2011 02:22 PM Report Abusive Post Report Copyright Violation | Re: Breaking! S&P warns of more muni bond downgrades! Signaling to the sharks to short the hell out of muni bonds. I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ - Mohandas Gandhi |
911Bob
(OP)
User ID: 1067231 United States 01/24/2011 02:42 PM Report Abusive Post Report Copyright Violation | Re: Breaking! S&P warns of more muni bond downgrades! What a great business to be it. State the obvious as a possibility...WTF? |
911Bob
(OP)
User ID: 1067231 United States 01/24/2011 02:48 PM Report Abusive Post Report Copyright Violation | Re: Breaking! S&P warns of more muni bond downgrades! And the DOW is up +100...black is white, up is down...we are screwed. |