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I assume American’s possess a fear external to the Unites states.but as the unthinkable events of 9/11 showed usa.that the threat could remain there. So, in 2009, who is America’s greatest threat?
In the US, even state and local governments can sell fixed income securities. Unlike federal bonds, these bonds have better pay of interest and the biology behind this would be that these governments can go under. However, a federal government cannot go under. Bonds sold by state and local governments are free from tax.
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Lehman Brothers Holdings Corporation. The multinational financial giant was worth a reported $691 billion when it lost many of its clients and devaluation of its assets, you could look here forcing it to fold in 2008.