Moody's downgrades Los Angeles municipal bonds Wednesday, April 07, 2010From Zero Hedge:It is all those damn CDS speculators' fault!Just as we suspected over a month ago, and before Lockyer's silly missives, it was only a matter of time before muni "speculators" start getting a greater portion of the blame.In the meantime, as we have been saying for about, oh, 12 months, munis are about to implode. Here is Moody's, actually being just a year behind the curve on this one...More on muni bonds:
Wednesday, 7 April 2010
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