The Public Purse offers you serious thinking about economic, financial and political trends at the U.S. state and local level with a focus on municipal credit risk
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TAG | community development district
Oct/09
12
The Municipal Bond Default Story, Part II
0 Comments | Posted by Natalie Cohen in bankruptcy and default, municipal bonds
Municipal bond defaults over the last two years occur in sectors that tie into the financial crisis: real estate. Multi-family housing and land development projects that never took off are at the front line. Special entities – usually a district of some kind, depending on the state – sell tax-exempt bonds to finance infrastructure for [...]