Puerto Rico Triggers Largest Ever US Muni Bankruptcy Process by Wolf Richter • May 3, 2017 • 52 Comments “We’re going to protect our people”: Governor Rosselló. Hedge funds reel.
US Pension Crisis: This is How Families Get Squeezed to Bail Out Pension Funds in Chicago by Wolf Richter • Nov 17, 2016 • 99 Comments Coming to a municipality near you.
“Pension Crisis”: This is How You’ll Bail out Municipal Pension Funds by Wolf Richter • Sep 15, 2016 • 83 Comments Check the bills in your mailbox. Happening now in Chicago.
Bond Insurers Crash, Hit by Puerto Rico’s Default Shrapnel by Wolf Richter • Jun 30, 2015 • 17 Comments Echoes from the mortgage crisis.
Schwab Warns on Munis, those “Affected by Pensions” Are Toxic by Wolf Richter • May 22, 2015 • 10 Comments Vast US municipal bond market gets messy.
Fed’s Dudley Warns about Wave of Municipal Bankruptcies by Wolf Richter • Apr 14, 2015 • 17 Comments Risks “more widespread” than implied by bond ratings. Bondholders and public employees beware. The Fed is doing workshops on municipal bankruptcies now.
