Buffett Expects a Terrible Problema f...

Buffett Expects a Terrible Problema for Municipal Debt

There are 8 comments on the www.businessweek.com story from Jun 2, 2010, titled Buffett Expects a Terrible Problema for Municipal Debt . In it, www.businessweek.com reports that:

Warren Buffett, whose Berkshire Hathaway Inc. has been trimming its investment in municipal debt, predicted a "terrible problem" for the bonds in coming years.

Join the discussion below, or Read more at www.businessweek.com.


Walnut Creek, CA

#1 Jun 2, 2010

What, are we printing articles in spanglish now?


United States

#2 Jun 2, 2010
guess what? the gov pension mgt has been buying wallstreet crap derivatives and bailout money is gone.......and the chit will hit the fan cuz taxpayer well is busted........oops sorry suckers
A Nnoyed

Warren, NJ

#3 Jun 2, 2010
I agree with Warren.

State and local debt is a ticking time bomb.

If they start defaulting on Munis we've got massive problems. Bailout city.
ibuttt itchink

Phoenix, AZ

#4 Jun 2, 2010
super glue again?:-00000000h, bill_mr!(:


#5 Jun 2, 2010
Servicing this debt will never work, the debt is too great which will cancel all useful investment.

Cancel all debt now and face the consequences right now.

Of course this would take brilliant leadership that the United States is sorely lacking.
Dont Tread On Me GOP

Oscoda, MI

#6 Jun 3, 2010
What does Suzy Orman have to say about this????? I remember her suggesting that municipal bonds were a good deal for people. Uh oh. Doesn't sound good.

Bronx, NY

#7 Jun 3, 2010
Here is another serious matter that has not received much attention;

May God bless and have mercy on us.

West Hempstead, NY

#8 Jun 19, 2010
Given the gravity of the State & municipal debt problems in the US -- which has a more direct inpact on our day-to-day lives than the Wall Street crisis -- a complaint about one Spanglish word in the article is the best that Tea Party fanatics and the Wingnut fringe of the Republican party is the best you can come-up with in your analysis..??
Jason wrote:
What, are we printing articles in spanglish now?

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