Despite decades in The Business, every day I learn something new. And today, I learned about this and said "you have got to be fucking kidding me" to myself. Nassau County, NY et al, in the United States, and niche muni bond risks...
Brian F. Kelcey
My favorite super-niche "this local government policy is obviously doomed" issue appears to be entering its final phase.
hoodline.com/2026/06/nass...
Nassau missed a $36M tobacco‑bond payment — the first default in the muni tobacco market.
