Comments on: Muni defaults and bond insurance: Part 3 Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: Cate_Long Fri, 23 May 2014 00:31:00 +0000 Mike Stanton of BAM tweeted me this message about their holdings:

“Most of the AAs are “risen angels:” credits that were insured pre-crisis and upgraded under new muni criteria.”