Fixed-income investors are now on notice that their rights could be trumped by public-sector union bosses, following a court ruling granting Franklin Templeton Investments just pennies on the dollar for its muni bonds from bankrupt Stockton, California. And the case is only one of many across the country. (There’s no […]
See original post: Stockton Highlights Nationwide Risk Of Conflict Between Muni Investors And Public Sector Unions