Could a Puerto Rico Default Hammer the $3.7 Trillion U.S. Muni Bond Market? |
| September 18, 2015 | September 2015 Bond Updates |
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A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will |
| View more at: http://www.forbes.com/sites/larrymcdonald/2014/01/03/puerto-rico-default-to-re-price-the-3-7-trillion-municipal-bond-market-in-2014/ |
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