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Daily Archives: April 30, 2012
Dead in Michigan, CAB scam dogs California
The bond industry calls them CABs, for “Capital Appreciation Bonds.” To lay people, the meaning is not easy to parse. The result for taxpayers is simple: CABs are a sleeping monster waiting to gouge property owners 10, 15 or 20 … Continue reading
Posted in CAB scams, Muni bonds
Tagged Capital appreciation bonds, cartel, school finance
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