credit markets

M-Cubed: Mounting Muni Meltdown

Governing.com: Municipal Bankruptcies Governing provides a dynamic map concerning municipal bankruptcies.  It and ZeroHedge offer plenty of commentary, so we won’t regurgitate. For perspective, however, keep in mind the size of the municipal market is $3.7 trillion.  Also, Warren Buffet has written $16 billion of municipal credit default swaps (CDS), which might imply that he believes …

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