Everyone here seems to have an "opinion" and it is just that, an opinion. In my "opinion", I know that I can not just go out and sell bonds. Someone has to approve the sale of these bonds and the bonds must comply with rules and regulations. Who approved and endorsed the sale of these bonds? If I buy that bond and the interest is tax free, that is a good deal for me. So...if the IRS decides these bonds are not tax free; do I, as owner of theses bonds now owe tax on these bonds. It would seem to me that if indeed the bonds are not "legal", who is responsible for the sale of the bonds to the public? I think the issue is FAR more complicated than whether Gary Morse was pulling a fast one. There are far more unanswered questions.
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