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Friday, July 19, 2013

Ya don't say...

In a move that has shocked absolutely no one with a functioning brain, Detroit has filed the largest municipal bankruptcy in history.

This is why I'm very leery of muni bonds. Yes, all the "in-the-know" experts will tell you it's one of the safest places to invest your money. Six years ago, those same experts swore that the mortgage-backed securities market was ironclad safety for your retirement funds. That worked out well, didn't it?

posted by Jar(egg)head at 09:46

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