Rohatyn Sees Allstate Muni Sale as Sign of `Big Problem'- Video

Nov. 5 (Bloomberg) -- Felix Rohatyn, president of Rohatyn Associates, talks with Bloomberg's Pimm Fox about Allstate Corp.'s decision to reduce its municipal bond holdings and prospects for the U.S. dollar. He also discusses state finances and the economy. Allstate, the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are “not in great shape,” Chief Executive Officer Thomas Wilson said. (Source: Bloomberg)

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