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'Build America' - States Lining Up for SubsidyTom Lindmark • Thu, Apr 9, 2009
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- Monday, June 25, 2012, 4:40 PM In conjunction with the Moody's bank downgrades last week was a ratings cut on about $5.4B of preferred securities issued by some closed-end municipal bond funds. The move could ripple through the industry, possibly raising borrowing costs for the funds should money-market holders of the preferred be forced to sell. Comment! [Financials]
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