Muni Defaults From Katrina?

No replies
doberman's picture
Joined: 2005-02-22

Sorry, for the additional thread. I tried to post this under the thread "Katrina=Muni Defaults?, but (the server?) couldn't find the page.
In the Wall Street Journal, page C4, is some additional information on this saga. Here are the highlights:
- White House opposes muni-bond bailout.
- Senators Landrieu and Lott have called for provisions preventing local governments from declaring bankruptcy.
- Moody's investment service has placed 51 muni-bond issuers (from Miss. and La.) on their watch list. The bonds on the watch list total $9.46 billion.
- La. officials are attempting to get federal permission to refinance some muni's. 

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×