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Absence of BAB extensions in tax compromise and rumors of a weekend PBoC hike helps to send US yields surging and stocks paring gap-up gains

naufalsanaullah's picture
Submitted by naufalsanaullah on 12/08/2010 03:47 -0400



 

Original piece here.

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Wed, 12/08/2010 - 10:25 | 788529 prophet
prophet's picture

My thinking:

by prophet
on Tue, 12/07/2010 - 22:02
#787846

Glad to see BAB go.  It was just another rig.  Backdoor to try and end the tax exemption on munis;reline bankers pockets since they got caught red handed rigging the muni market, and give the pensions a piece of the muni borrowing market.  BAB was a scam disguised as a short term crutch for states.  

Wed, 12/08/2010 - 11:11 | 788697 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I agree prophet. BAB was just another way to hide another group of insolvent entities, states and municipalities. Time to go.

Wed, 12/08/2010 - 11:29 | 788770 D-Falt
D-Falt's picture

I wish Republicans really <i>were</i> that intelligent! 

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