The Approaching Muni Bond Collapse
Garrett Johnson
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Posted 05.25.2011
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Business
Read More:
State Budgets,
Municipal Bonds,
Economy Bonds,
Muni Bonds,
Economy,
Muni Bond Collapse,
Recession,
Economic Collapse,
Business News
Monoline insurance companies got greedy and wanted a piece of the sub-prime action. They started backing sub-prime mortgage-backed securities. Soon the mortgages blew up.
