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  • In a blow to municipal bondholders, a judge rules Stockton, CA eligible for bankruptcy protection. The ruling let's stay the city's decision to keep pensions intact while imposing losses on those holding the town's paper. Jefferson County, AL and San Bernardino, CA - along with other municipalities - are watching closely. Bond insurer Assured Guaranty (AGO) slides 3.3%[View news story]
    Seems the fox is in charge of the hen house.
    Apr 1, 2013. 04:08 PM | 1 Like Like |Link to Comment
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