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  • Fear and Loathing in 2009 [View article]
    Bernanke said: whatever it takes.

    How much money do the States need collectively to keep their workers employed? How much do they need additionally to keep paying interest on their outstanding Municipals?

    Anyone think the Fed will allow Defaults on Municipals?

    If not, then a few of the CEF's like MHI should be worth looking into. 10% monthly Tax free payout, granted their financials are pretty opaque but "whatever it takes" will include them too. IMO
    Dec 27 01:14 am |Rating: 0 0 |Link to Comment
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