If the proposed 28% cap on the value of tax exemption were enacted, the municipal bond market would become more volatile and would likely significantly deter investors from buying munis, Loop Capital Market's analysts said Monday.
Loop's Mier: Taxable Muni Market Would Be Better Than a 28% Cap
JAN 14, 2013 6:09pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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