Saturday, July 17, 2010

The Next Bubble: Municipal Bonds? part 2

The Next Bubble: Municipal Bonds? - Exchequer - National Review Online
"My own suspicion is that, even though the law explicitly says otherwise, there is some suspicion on the part of investors that the Obama administration would, in a crunch, stand behind those Build Americas — especially from a big state like California or from a politically sensitive state like the president’s home turf of Illinois."

This is the core of gangster government.

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