Detailed text transcripts for TV channel - CNN - 20110220:20:44:00
In the last few months might be seeing it in the context of it being riskier. >> generally people think of them as being very safe. that's why they buy them, partly for the safety and security. >> you don't expect the projects, states, cities to go bankrupt. >> exactly and they usually don't. the fault rate on municipal bonds have been very low historically. shouldn't be confusing them with treasuries, they're not as secure as treasuries. the right now, a lot of states and municipalities are really struggling, we hear about it, the unfunded pension in health care liabilities so that has made i...
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