Skip to main content
No. of Recommendations: 0
Black,

Not all 'munis' are classic 'munis'. Some are 'special purpose minis- --I don't remember the exact term-- that amount to a municipality backing a private-capital project. Generally, they are high-risk scams better avoided. But I made good money on an Oregon bond that was tied to the Seaside Aquarium. The umbrella title was 'OR State Housing'. But the recipient of funds and payer of prin & coupons was the museum's revenues.

My bet is the light rail bond will be issued as a muni.

A
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.