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San Bernardino's creditors square off with a group of Wall Street bondholders arguing they...
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Tuesday, December 11, 2012, 4:54 PM ETSan Bernardino's creditors square off with a group of Wall Street bondholders arguing they should have the same status as Calpers in the city's bankruptcy proceedings. Among the creditors are Ambac and a unit of MBIA (MBI). A loss by the creditors would have major repercussions for municipal finance - look for the case to make its way to the Supreme Court at some point.
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This news story has 1 comment:
Calpers is just WRONG!! Unfortunately it will take a big legal bill to get there.