Default Is Dirty Word to America’s Willing and Able: Joe Mysak
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Municipal bond defaults are down.
There were 72 issues totaling $2.5 billion in default in the year through November, according to Richard Lehmann of the Distressed Debt Securities Newsletter. That’s down from 204 issues totaling $7.3 billion for all of last year, and from the record of 162 issues totaling $8.2 billion for 2008.