Portfolio and municipal bonds

I wasn't a big fan of the Condé Nast business publication, Portfolio, when it debuted last spring. Indeed, you can read one of my early reactions here if you like.

But it has grown on me. Or perhaps they've found their own footing since then. No more Tom Wolfe style onomatopeia for hands rapping on a door in the middle of the night.

No, instead we have someone like Jesse Eisinger, making a very intelligent case in the March 2008 issue that the whole "municipal bond" insurance market is one big scam. No, I wouldn't buy a bridge from Mr. Buffett.

Though I love his cousin's tune, Margaritaville. I've sung it at karaoke places many times.

And where the heck is that shaker of salt....