and squeal as if you like it, because here it comes.

Remember in my explanation about how the lack of the muni bond insurance might cause taxpayers to have to pay more because the entity issuing muni debt might have to pay a higher interest rate to get investors to buy the bonds?

It is coming true:

http://www.bloomberg.com/apps/news?pid=20602007&sid=aju0C0WBT8GI&refer=rates