MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

armageddon?

Comments

  • clacy
    I can't predict these things but I surely hope their won't be a Federal bail out to prevent such a thing.

    These borrowers -AND- lenders need to understand that there is risk involved and have to suffer the consequences of default.

    A big wave of default, would essentially end lending to municipalities in cash reckless places like California and others. At least temporarily.

    That would force them to come back to reality a bit, which may not be such a bad thing.

    Obviously investors would be hurt as well. I surely hope that neither side gets a bailout however.
  • MaxBialystockMaxBialystock
    Forbes has blocked this article?
  • johnNjohnN
    hi Max, no you have to go to the top r. hand conner and click 'go to article' to get to the article otherwise you'll be stuck at the commercial page
Sign In or Register to comment.