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Texas AG Probes $3B Cancer Bond Program, Top Exec Quits
by: Richard Williamson
Tuesday, December 11, 2012
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A $3 billion bond-funded cancer research program that granted funds to a firm backed by donors to Texas Gov. Rick Perry is under investigation by the state attorney general's office, and the executive director of the program has resigned.

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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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