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  • Why the Government Doesn't Belong in the Municipal Bond Business [View article]
    Why not just have AIG issue CDSs on muni bonds? That way the govt. could insure them in secret so as not to get everyone upset about another bailout until after the fact. They could then pay the rating agencies to give them a AAAA rating so investors would believe they were perfectly safe. Look how well that worked with CDOs!
    May 11 18:32 pm |Rating: 0 -1 |Link to Comment
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