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Patent Sought for Tax Credit Bond Idea

An independent investment banker from Arizona is seeking a U.S. patent for a new tax credit structure being modeled as an alternative to traditional bond insurance.

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Comments (1)
Upside: 5 bps while things are good

Downside: the issuer will end up amplifying its distress in a default situation since tax revenues would be eroded further by the tax credit?
Posted by tkirby | Monday, July 09 2012 at 11:42AM ET
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