Tag: Government Finance Officers Association)

State and Municipal Bankruptcy, Municipal Bonds, and State and Local Pensions

A group of associations representing the interests of state and local governments has released a fact sheet targeting misconceptions in state and local finance. A year ago banking analyst Meredith Whitney predicted¬†50 to 100 sizable municipal bond defaults or more.¬† The facts are in:¬† from 1970 to 2011, there were 65 rated municipal bond defaults; … Continued

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