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Detroit municipal bonds


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Thanks for this post.  I'm not brave/sophisticated enough to be looking at Detroit obligations; but I am interested in participating in a conversation about munis and the fear that seems to be taking hold in this market.  The continuing blood letting in munis and munifunds appears to be in part because of fear of how the Detroit GO bonds might be treated in the bankruptcy (I initially thought it was just a retail reaction to the taper terror).  Blackrock's muni chief wrote an op-ed cautioning that it could be the end of civilization as we know it.  Then again, Meredith Whitney has continued to call for a collapse in the muni market, so maybe she was just a decade or so early.

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