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Personal Finance and Investing

progree

(10,907 posts)

2. Letting one particularly mismanaged one go down is a lot different than letting hundreds

Reply to Thunderbeast (Reply #1)

Fri May 22, 2020, 05:18 PM

May 2020

go down. Including most/all states (not just cities and counties). And it's not just the bondholders that get zero'd out and that's the end of it. When state and local budgets have to be slashed by 1/3 or so and taxes raised... that affects a lot of voters, not just a relatively few bondholders.

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Highlight:

Municipal bond funds - is the risk worth the little reward? [View all] progree May 2020 OP

Trump and his Republicans are determined to bankrupt states. Thunderbeast May 2020 #1

Letting one particularly mismanaged one go down is a lot different than letting hundreds progree May 2020 #2

I happened to hear Richard Wolfe on Thom Hartmann show this afternoon gibraltar72 May 2020 #3

What I've seen tells me that the safest investment right now... lastlib May 2020 #4

I'm old, but still would like to make a little, so safeinOhio May 2020 #5