Regional News
$3B Texas Cancer Bond Program Questioned
Tuesday, November 20, 2012
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Texas Gov. Rick Perry is fending off allegations that the $3 billion cancer research bond program that won statewide voter approval in 2007 is funding projects for his campaign contributors.

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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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