Stef RNF
@limits2growth72fan.bsky.social
Reposted by Stef RNF
Most local infrastructure in America is funded via the municipal bond market... but, asks Susan Crawford:
"given the pace of climate impacts already being felt - what if a sudden set of defaults and bankruptcies triggered by extreme weather cause the #MuniBonds to grind to a halt?"
"given the pace of climate impacts already being felt - what if a sudden set of defaults and bankruptcies triggered by extreme weather cause the #MuniBonds to grind to a halt?"
Municipal bonds and adaptation- post today susanpcrawford.substack.com/p/a-taxpayer...
A Taxpayer's Paradise
Why the municipal bond market isn't helping with adaptation right now
susanpcrawford.substack.com
November 15, 2024 at 4:12 PM
Most local infrastructure in America is funded via the municipal bond market... but, asks Susan Crawford:
"given the pace of climate impacts already being felt - what if a sudden set of defaults and bankruptcies triggered by extreme weather cause the #MuniBonds to grind to a halt?"
"given the pace of climate impacts already being felt - what if a sudden set of defaults and bankruptcies triggered by extreme weather cause the #MuniBonds to grind to a halt?"