is valued at between $2.8 and $2.9 trillion.)If you're thinking about buying municipal or state bonds, he said, there are several things you can do to to reduce your risk: Visit the website of the Financial Industry Regulatory Authority, FINRA, which has checklist of questions you should ask your broker
before buying any bond.Go, too, to the website of the Municipal Securities Rulemaking Board, MSRB, where you can find the safety rating assigned a bond.O'Brien said said the chance of a state declaring bankruptcy is remote. California, he says, isn't Greece."If you compare debt to GDP, Greece is at 133 percent;
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