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CalPERS Sues for San Bernardino's Missed Pension Payments
Bloomberg News | Wednesday, November 28, 2012
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The California Public Employees' Retirement System is seeking to sue bankrupt San Bernardino, Calif., over missed pension payments.

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Commentary - When It May Be Virtually Free to Be Tax Free
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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