muni's ?

I keep getting offers of muni bonds between 6-8% return. Anybody buying these?

this rate, federal tax free, looks somewhat attractive.

 

You'll get paid in I.O.U.'s

 

If you get offers you know what that is worth, dont you?
Remember the OC default?

 

Some Muni's are attached to specific projects or clauses and therefore carry higher risk than simple default risk by the way.