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If you own muni bonds, you need to read this
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Friday, February 19, 2010
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From The Big Picture:

“People believe that municipal debt is safe based on assumptions that are no longer true.” - Kenneth Buckfire

The above quote comes from the CEO of Miller Buckfire & Co., an investment bank that is currently advising cities on municipal restructurings. Technically, these are called Chapter 9 reorganizations.

The WSJ notes...

Read full article...

More on bonds:

A bad omen from bonds

The bear case for municipal bonds

Frightening news about U.S. Treasuries you didn't hear

Topics: Muni bonds | Bonds | Income Investing
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