Savers

READER’S EDITORIAL: THE MUNICIPAL BOND MARKET IS A MASSIVE CRIMINAL ENTERPRISE -- GET OUT NOW OR PAY LATER

 

By Richard Lawless

June 2, 2016 (San Diego) -- Senior citizens and savers throughout the fifty states and Puerto Rico have taken tens of billions in municipal bond losses.  It has become clear that the Rating Agencies have been knowingly and intentionally issuing good credit ratings for technically bankrupt municipal entities in exchange for healthy fees.