No Relief in Sight for Muni-Bond Market
April 6 | Posted by mrossol | Economics, US DebtAbreast of the Market: No Relief in Sight for Muni-Bond Market – WSJ.com.
We’re not talking about Federal debt, here, either…
“If you don’t like the income statement, the balance sheet, you’re not crazy about management and they don’t have good governance, why would you loan anybody money, other than the fact that they haven’t defaulted in the past?” Mr. Wilson said in a recent interview. “That’s not every municipality in the country, but it is some.” As a result, Allstate decided that “we just weren’t going to lend them money.”
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