Quote:
Originally Posted by villagerjack
The Issuer issued the bonds in good faith..... If the bondholder chose to proceed anyway, it should be his loss and not anyone elses, provided all risks were adequately disclosed. I am not taking sides, only trying to understand the facts.
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Jack, with all due respect you’re missing the point.
Do you realize that as we speak right now, you yourself could be one of those bondholders that you claim should be “his loss”?
Seriously. Have you ever invested in a mutual fund, be it a stock fund or a bond fund. Did you ever scrutinize the purchases and sales that the fund made while you held stock in that fund or did you just keep an eye on the total return on your investment?
Anyone that invested in a Municipal Bond Fund (usually a tax free one but not always) over the past 10 years or so is a potential current or previous bondholder of VCCDD Tax Free Bonds.
Am I making sense or are you still unsure of what I’m trying to tell you?