Municipal defaults, which can be triggered by declines in reserves or other events unrelated to missed payments to investors, have ebbed. There were $2.7 billion of such defaults last year, less than half the $7.3 billion in 2009, according to the Distressed Debt Securities Newsletter in Miami Lakes, Florida.
Roubini Firm Sees $100 Billion Muni Defaults Over Five Years
March 2, 2011
« Previous Article
| Next Article »
Login in order to post a comment