The drumbeat of anxiety over municipal bonds is getting louder, with headlines screaming about state budget deficits and talking heads—Warren Buffett among them—expressing alarm over the ability of issuers to make good on their debts.The effective ability to tax to payback principle is coming in to questions.
How worried should small investors be?
Sunday, June 27, 2010
Muni Bonds: Don't Hit the Panic Button Yet
The Wall Street Journal reports: