[Ingtar]

So that’s how they want to continue financing the growing debt, require banks to buy it.

[Mariner]

States and Municipalities need to suck it up and let their bonds stand on their own merits: Will they be paid, in full, and on time?

Often big banks can afford to wait on a payment, or just roll over an asset once mature. This relieves the issuer from the real pressures of making their debt good.

These new rules are good, solid rules and good for the economic interests of all Americans.

[taildragger]

State Banks are the answer to Fedzilla and the Muni-Bond tempest that swirling about with this ruling. North Dakota has one, and many are trying in other states including in Michigan but Vermont has ok'd one, however I am not sure if Vt's is up and running. Tangent to this, this does look like another move to close all exit doors....

[bgill]

As if the FDIC would ever really come through in a crunch. Your money is safer under the mattress.

[GeronL]

They panic?

seriously?

How long have they known this was coming?