FRSGlobal

FTfm, 7th August 2011: Fears rise that financial reform is harming US business

Wolters Kluwer says there is concern it is moving too slowly. “Municipal bonds are a ticking time bomb, and all money market funds contain these bonds,” says Andrew Liegel. A blow up in the $2,700bn municipal bond market could deal the US as damaging a blow as a default on the national debt.”

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