Muni Bond Auction Market Collapse Spurs Congress
Higher muni rates, less spending, sans reach around...
U.S. governors may ask Congress to help reverse rising municipal debt costs
stemming from the muni bond auction rate markets collapse.
Barney Frank said his panel at a March 5 hearing will examine how state and local governments
are being affected by the reduction in credit created by rising mortgage defaults and bond insurer downgrades.
God knows that Barney still has the publics best interest in mind. After selling out to Wall Street & banking interests,
he spearheaded the loan limit increases into the "economic stimulus" bill.
One can only wonder what kind of bailout will be crafted at taxpayer expense this time.
U.S. governors may ask Congress to help reverse rising municipal debt costs
stemming from the muni bond auction rate markets collapse.
Barney Frank said his panel at a March 5 hearing will examine how state and local governments
are being affected by the reduction in credit created by rising mortgage defaults and bond insurer downgrades.
God knows that Barney still has the publics best interest in mind. After selling out to Wall Street & banking interests,
he spearheaded the loan limit increases into the "economic stimulus" bill.
One can only wonder what kind of bailout will be crafted at taxpayer expense this time.
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