Adding to the muni-bond sector woes — the credit crisis caused many bond insurers to close shop, increasing the risk to muni bond investors. Currrently, less than 10% of new municipal bond issues are insured, which is down from about 50% in 2008, according to the Municipal Securities Rulemaking Board.
Monday, May 24, 2010
Municipal Bonds: The Next Financial Land Mine?
Time reports:
