Last year, 187 U.S. municipal
bond issuers officially defaulted, on a total of $ 6.4 billion — almost half of which was from 122 real estate projects in Florida.
«Statistically» this year to date, «only» 30 municipal
issuers have
officially defaulted on $ 1.5 billion in
bonds, but thousands of government authorities are in de facto default on payments, and madly scrambling for re-negotiation, or forebearance, or blind hope.