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Why Bankers Want a Taxpayer Bail-out of the Municipal Bond Market

Apr14
2011
Leave a Comment Written by Chriss W. Street
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On May 5, 2009, I testified in front of Barney Frank’s Financial Services Committee that if Congress provided a guarantee of municipal bonds, the United States of America would lose its’ AAA credit rating. Over the next year and a half, I was labeled the “typical Orange County ultra-conservative alarmist” when I spoke at dozens [...]

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Posted in Economics - Tagged bailout, Barney Frank, bond default, california debt, jamie dimon, JP Morgan Chase, local debt, muni market, municipal bonds, municipal debt
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Portuguese Bail-out is the Beginning of the End of Big Government

Apr12
2011
5 Comments Written by Chriss W. Street
Portuguese Bail-out is the Beginning of the End of Big Government

Can you hear that great sucking sound? It’s the sound of government shrinking around the world, as Portugal just joined Greece, Ireland and soon many others in acknowledging they are bankrupt and asking their European brethren for a bail-out. What is frightening to the big government advocates is this collapse was caused by a doubling [...]

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Posted in Economics - Tagged Federal Spending, News, Politics
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