tag:blogger.com,1999:blog-3758330678390419129.post5092285390293561264..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Federal Reserve Economists Warn About Municipal Bond MarketRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3758330678390419129.post-38155832320067145012012-12-14T15:38:48.331-05:002012-12-14T15:38:48.331-05:00The government offers a mortgage refinance leads t...The government offers a <a href="http://www.bigmortgageleads.com/" rel="nofollow">mortgage refinance leads</a> to everyone who avail housing loans and guess what? the economists are really bothered about it, well I guess the only issue here is that the overall investments that'll be made in the country will be affected especially the rate of the bonds the money lender businesses got. I think Anonymoushttps://www.blogger.com/profile/04899677293808084954noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87909391129795360302012-12-05T14:11:16.315-05:002012-12-05T14:11:16.315-05:00I'm sure the bankruptcy lawyers will love and ...I'm sure the <a href="http://libankruptcylawyer.com/what-is-bankruptcy/" rel="nofollow">bankruptcy lawyers</a> will love and hate this; they're assured of employment, but it'll hinge on panic and paranoia, which are bad in finance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60258801798697900582012-08-21T17:02:53.427-04:002012-08-21T17:02:53.427-04:00
Unbelievable! First Merideth Whitneys unqualified...<br />Unbelievable! First Merideth Whitneys unqualified opinion on Municipal defaults and now we have the Fed entering the fray. <br /><br />I suspect someone will try to get a witchdoctor* from Africa to comment on what has become the latest whipping boy in the capital markets.<br /><br />*http://en.wikipedia.org/wiki/Witch_doctor<br /><br /><br /> <br /><br /> <br /><br /> <br /><br /> <br /><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69641462134614291682012-08-16T12:26:28.478-04:002012-08-16T12:26:28.478-04:00All of you guys are correct...I believe it was the...All of you guys are correct...I believe it was the Harrisburg Mayor who said that they would rather default on some project bonds than endanger their public employees' pensions and benefits.<br />This is a theme that will be repeated again and again as municipalities start to balance their books by defaulting on bonds. At first will be the project bonds where the project has already been Joe in Olynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25899436774427063832012-08-16T10:43:32.621-04:002012-08-16T10:43:32.621-04:00Promises, promises, promises. Like promises to pay...Promises, promises, promises. Like promises to pay interest and principal on time, if at all. Most municipalities in the U.S. are over-committed to retiree health and pension costs, so as tax revenues sag in the developing Depression we are firmly within after a debt collapse in the mortgage sector ( but don't forget GM and AIG of course! ), now we look to a subsequent collapse in the muni SageOwexfordhttps://www.blogger.com/profile/09978722834585137419noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24869577727977678052012-08-16T10:16:43.665-04:002012-08-16T10:16:43.665-04:00Maybe self serving analists have been to quick in ...Maybe self serving analists have been to quick in burning Meredith Whitney on the stake after all!!multiraedthttps://www.blogger.com/profile/04726608585019490092noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66620024413537884302012-08-15T13:22:25.195-04:002012-08-15T13:22:25.195-04:00"Could they be suggesting that if muni defaul..."Could they be suggesting that if muni defaults pick up there could be a run out of the muni bond market?"<br /><br />That's one part of the story. The other is what the TBTF banks that run the Treasury think. Going back just over two years to the Treasury Borrowing Action Committee (TBAC) headed by JP Morgan's Mathew Zames, came this interesting blurb:<br /><br />"The Bob Englishhttps://www.blogger.com/profile/14790005723107501043noreply@blogger.com