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|Subject: Re: Market Fears||Date: 9/27/2008 9:59 AM|
|Author: Howie52||Number: 14021 of 19638|
"Those in munis as part of the portfolio for retirement have been hearing some ominous rumblings the past few weeks and months re city/state finance difficulties due to lower revenue and the current market meltdowns possibly affecting them.
At this point, I'm not sure how much is rumor and how much is early warning.
i would guess some serious early warning ..
but would depend on the state/local and individual bond.
.... ex Bond-lawyer "
I'd imagine the folks who depend upon a state or local government
pension plan would be awfully nervous.
A lot of those plans were heavy on the types of banking arrangements
which have been dragging banks under - or so I read a few years
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