Muni bond fears run wild
By Charles Riley, staff reporterJanuary 14, 2011: 3:20 PM ET
NEW YORK (CNNMoney) -- Municipal bonds continued to sell off this week, as worried investors fled the market, and the media continued to churn out stories about state and local governments struggling with severe budget shortfalls.
It's easy enough to understand the concern. A growing number of states, including some of the biggest -- like California and Illinois -- face budget shortfalls of billions of dollars.
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