Monday, March 23, 2009
Bye (Muni) Bonds!
"'No one knew'--that happens to be a lot of b.s.. Lots of people knew. It was obvious,' [Bill] Fleckenstein said. "If someone had no understanding of the financial crisis and they completely missed it, then why should you listen to what they say now?' ... As for her own money [Suzy Orman] said she has about $25 million, almost all of which is invested in municipal bonds; she has $885,000 in the stock market (it was closer to $1.3 million before the recent plunge)", Sheelah Kolhatkar at Time, 16 March 2009.
Muni bonds? Hahahahaha. Imagine, Suzy Orman (SO) dispenses financial advice. One person pleased by SO's holding muni bonds is the Mikado's Lord High Executioner! Yes, here the "punishment [will] fit the crime".