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MTA Finance Panel OKs Sandy Borrowing
by: Paul Burton
Monday, December 17, 2012
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The finance committee of New York's MTA approved the borrowing of up to $2.5 billion in long-term bonds to cover Hurricane Sandy-related repair costs.

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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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