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Assured Guaranty Ltd. Message Board

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  • hounddawgie hounddawgie Mar 9, 2010 3:01 PM Flag

    Harrisburg Mayor Vetoes Budget Over Lack of Debt Service

    States/municipalities do it to so they can pay a lower interest rate. If I was a bond buyer, I would rather have the higher rate and a claim against the state/city in the event of a default rather than having to try and get my money from a bankrupt insurance company with no sources of future revenue.

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