Kotok: Puerto Rico Deal Is Pandora's Box for Muni Market(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: David Kotok, Chairman and Chief Investment Officer at Cumberland Advisors, on his concern that bondholders will be subordinated to pension holders in Puerto Rico, paving the way for concerns in the muni market.See omnystudio.com/listener for privacy information.