munibonds

Commercial Real Estate

Are Municipal Bonds the Next Big Unknown Unknown?

by Ted Karsch | October 7, 2008

In the financial crisis of today, to use a popular maxim of Donald Rumsfeld’s invention, “there are known unknowns and unknown unknowns.” Some major unknowns have surfaced to become economic hurricanes reeking havoc on financial markets worldwide, such as the failure of Freddie Mac and Fannie Mae. But what unknown unknowns are still lurking under [...]

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