14 Risks with Supposedly “Safest” Securities

When AT&T, California, New York City or virtually any other borrower wants your money and offers its bonds for sale, it’s required to give you a prospectus that properly discloses all the relevant risks. It has a legal obligation to tell you about any material weakness, hidden liabilities or contingencies that could diminish your chances of getting paid in full. Every major borrower in America’s must submit to this discipline … except, unfortunately, Uncle Sam. Uncle Sam publishes no prospectus … provides no risk disclosure ……