island1fox
Well-Known Member
Municipal Tax free bonds
This could actually be another topic --but I will toss it into the stock discussion. For those of you who have worked hard and retired --beware of the RE-DISTRIBUTION of wealth.
What I am referring to was the treatment the corporate bond holders of GM--Obama stepped in and called them greedy for not accepting pennies on the dollar ---He made sure that GM was propped up and also took care of the UAW. Unfortunately other unions and individuals that had invested retirement funds into GM bonds --took a real deadly hosing. Wealth was defintely redistributed.
What I believe you will see next --led by very LIBERAL states --can anyone say CALIFORNIA --they will soon declare bankruptcy----Billions and billions of muni bonds will not be paid off -----and from there ---that will be the beginning of the real end.
This could actually be another topic --but I will toss it into the stock discussion. For those of you who have worked hard and retired --beware of the RE-DISTRIBUTION of wealth.
What I am referring to was the treatment the corporate bond holders of GM--Obama stepped in and called them greedy for not accepting pennies on the dollar ---He made sure that GM was propped up and also took care of the UAW. Unfortunately other unions and individuals that had invested retirement funds into GM bonds --took a real deadly hosing. Wealth was defintely redistributed.
What I believe you will see next --led by very LIBERAL states --can anyone say CALIFORNIA --they will soon declare bankruptcy----Billions and billions of muni bonds will not be paid off -----and from there ---that will be the beginning of the real end.