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Tag: Munis

Detroit Muni Bonds to Pay Less than 10 Cents on the Dollar

E.J. Smith - Your Survival Guy -
With Detroit on the brink of bankruptcy the latest workout has muni bondholders receiving less than 10 cents on the dollar. I don’t want...

Race to the Bottom Bonds

E.J. Smith - Your Survival Guy -
Illinois issued $600 million in sales-tax backed municipal bonds yesterday. The state’s motto is “State Sovereignty, National Union”. With deals like this piling up...

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Happy Easter!

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