They clearly don't turn down any Muni business. Since they are clearly going to do every deal out their, they should shut down their risk assessment/ finance department and just have a clerk with a rubber stamp.
issue more debt and keep chugging along. I mean if they sell a billion plus of new bonds, someone is buying that. And wouldn't the new debt be junior to the existing debt. And at the same time someone will be buying this and they seem to have a sophisticated understadning of the market. Just seems the blank never hits the fan
I have stayed mostly in cash since I discovered this website because, with this ecomony, daily headlines were whipsawing markets, and I couldn't keep up. The result is that I'm finally ahead of the trade. Go see there free daily video you will know what I am talking about.
Assured Guaranty (AGO): Approximately 10,000 July 26 puts were bought for $0.36 as investors brace for a pullback in the name. The trade follows similar activity yesterday in the June contracts. AGO rose 0.40 percent to $28.84.