Stoever Glass & Co., Inc.
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Show 17-002: A Political World – Municipal bonds occupy a unique place in the world of investments. More than any other instrument, they are subject to political winds. Decisions made by the borrower – that is, a government – can have a big impact on the bonds it issues, even if those decisions are only marginally related to the issues. Roland Stoever and guest Steve Sapirstein – whose background includes experience in New York City government administration – explore the intersection of politics and government, and what it means for the individual investor, including the possibility and the effects of default.