The Next Bad Thing
The Dividend Cafe
00:00
The State of California's Municipal Bonds - What's the Risk?
California's bonds trade from a big discount to par to a mass of premium to par. And in the state of illinois, even, um, you've had municipal bond defaults and a wave of systemic risk that sort of went away. The risk there was that it is there so much, uh, los absorption coming to the big banks that had backed them, that it could become systemic. So then people use this analogous to, like, last year, this family office, sarchegos, that that blew up. i'm sorry, but for the rest of the world, i just don't care.
Play episode from 09:33
Transcript
