Quote:
Originally Posted by Advogado
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. |
I thought so. A warranty, in all likelihood, does not exist. If it did, the price of the bonds would not have dropped when the ruling came out. Seems like when you guys are asked a specific question that challenges your view, it is never answered. Take your word? No thanks. Bondholders of CDD bonds are no different than other investors and should do their own due diligence. IMO they will shoulder any losses, as they should in the event this adverse ruling is held up in appeals. IMO it is too far reaching and will affect too many CDD,s and investors.