Quote:
Originally Posted by villagerjack
"By the way, although I have not followed the price of the relevant bonds, of course it dropped. The bond holders may have some difficulty in getting paid and also some tax problems as a result of the latest IRS ruling."
Please enlighten me. I believe it s your position that the CDD bonds have a "WARRANTY". Although I never heard of a Warranty on Bonds, if these bonds have said Warranty then why should the price of the bonds drop? Can you give a link to the Warranty? Thanks
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If you really want to get into it, here you go. Let me caution you, it would have been simpler to take my word for it:
Municipal Securities Rulemaking Board::EMMA
I'm not going to walk you through it, but you can find everything you could want to know here about the various relevant bond issues here. Have fun.