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zipjet

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zipjet

Re: biomaven0 post# 120363

Sunday, 05/22/2011 6:17:47 PM

Sunday, May 22, 2011 6:17:47 PM

Post# of 257259

The other interesting development from a muni investing perspective is the push to end the issuance of new tax-exempt bonds and replace them with an interest rate subsidy. It would be better for the Treasury and would be great for existing munis.



But if I follow this, it would be bad for the issuing states. Right? So why should they do it (unless forced)? And if NOT forced it seems the market forces would be encouraging states to issue muni's.

ij

It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes

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