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Municipal Bonds --Trillions at RISK
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<blockquote data-quote="Babagounj" data-source="post: 799380" data-attributes="member: 12952"><p>look out , time is up on all those loans every state took to keep paying all those extended unemployment checks. Unfortunately the economy did not improve. </p><p>So come Sept it's time to pay the interest on those loans. That works out to hundreds of millions of dollars for each state. </p><p>And over 1 million homes it is estimated will be in foreclosure for 2011.</p><p>Given all this, we're in for one heck of a year.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 799380, member: 12952"] look out , time is up on all those loans every state took to keep paying all those extended unemployment checks. Unfortunately the economy did not improve. So come Sept it's time to pay the interest on those loans. That works out to hundreds of millions of dollars for each state. And over 1 million homes it is estimated will be in foreclosure for 2011. Given all this, we're in for one heck of a year. [/QUOTE]
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