Monthly Archives: July 2014

I received a copy of a research newsletter from Brown Brothers Harriman, a prominent private bank based in New York. The piece is titled, "Does G.O. Spell Go?" and makes the valid point that municipalities around the country are under credit stress, and that general obligation ("GO") bonds are not always as secure as they've always been perceived to be. BBH lumps Stockton and San Bernardino, CA with Detroit, MI as "...examples of ...

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