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  • Subprime Not Over For Banks [Housing Tracker [View article]
    Many of these banks have standby facilities with their clients who have the VRDOs outstanding. What will happen to the banks balance sheets when their clients start to use the facilities to "guaranty" their VRDOs to stabilize their rates?
    Jun 24 19:03 pm |Rating: 0 0 |Link to Comment
  • Ambac's Collateral Losses Mean No Guarantee Business [View article]
    Ready your cash to buy the munis of all of these towns that are going to see the VRDOs soar in yield this week and next. You may get 10-15% state and fed tax free, for the better part of year!
    Apr 24 08:44 am |Rating: 0 0 |Link to Comment
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