Washington - Infrastructure
House Panel Grills MWAA Over Scathing Report
Friday, November 16, 2012
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A congressional panel grilled members of the Metropolitan Washington Airports Authority board Friday morning in a hearing called to examine a scathing report on the bond-issuing agency's ethical practices and policies.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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