Asides
The Municipal Bond Conversation Moves Forward
3 Mar 2008 - Felix Salmon over at Market Movers on Portfolio.com has some interesting commentary on how municipal ratings between different firms diverge and some commentary on this NYT article this morning. Many thanks to Abnormal Returns for drawing attention to The Prince’s idea for how municipal bond issuers should respond to the current market for insurance. Felix has two earlier posts, here and here, worth taking a look at on the subject of muni bond yields. Naked Capitalism also weighs in here on the ratings agency conflicts in muni bonds. Dealbreaker offers a little more commentary on the NYT article.
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