Comments on: The Treasury wades into muniland Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: DogFase Thu, 24 Apr 2014 16:18:26 +0000 Whom do the “bankrupt cities and towns (and Puerto Rico)” need protection from? Shouldn’t we expect that the professionals managing the debt of governments have the ability to know when they’re getting their constituents into trouble?

There’s no way to regulate for mismanagement and irresponsibility among governmental entities. The vast majority of muni issuers are doing just fine. Doesn’t that prove that distress and mismanagement are the exception, not the rule?