Sunday, September 28, 2008

Do you know what a muni is?

At least for a while, the federal government may get away with bailing out holders of bad mortgages because it can print money.

The state of Kentucky has no such luck. And the difference may start to matter here pretty soon.

While the municipal bond market meltdown hasn't gotten much attention yet, it will. And then we will have some serious decisions to make.

The Bluegrass Institute weighs in.