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  Wednesday, 9 Mar 2011 | 4:29 PM ET

Jeffrey Gundlach: Munis Are The New Subprime

Posted By: John Carney
Jeffrey Gundlach
CNBC
Jeffrey Gundlach

Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.

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  Wednesday, 9 Mar 2011 | 3:48 PM ET

What the States Can Learn From the Island of Enchantment 

Posted By: Lori Ann LaRocco
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Day after day, we continue to read stories on the budget battles and heated union protests in some states around the country. I don't know about you, but I'm getting tired of all this negativity.

I decided to seek out a local government who is doing it right for a change and my pursuit sent me to the sunny, sandy shores of the U.S. unicorporated territory of Puerto Rico.

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  Wednesday, 9 Mar 2011 | 3:10 PM ET

Junk Binge Resumes!

Posted By: Ash Bennington
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AP

The junk bond derivative party is kicking back into high gear.

A report in today's Financial Times notes the uptick, and points out:

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  Wednesday, 9 Mar 2011 | 2:50 PM ET

Muni Market Freeze Screams Danger Ahead

Posted By: John Carney
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Simon Willms | Stone | Getty Images

Investors in municipal-bonds should be very worried when the Wall Street Journal is running the headline “A Deep Freeze Hits The Muni Market.”

The facts are grim. Muni-bond issuance is on pace for its lowest quarter in at least 11 years.

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  Wednesday, 9 Mar 2011 | 1:01 PM ET

Pimco Goes to Cash, Exits Treasurys

Posted By: Ash Bennington
Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.
Getty Images
Bill Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department in Washington, DC.

Pimco has dumped all of its US Treasury bond exposure in its flagship Total Return Fund.

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  Wednesday, 9 Mar 2011 | 11:53 AM ET

Foreclosure Settlement Is a Sneaky Bank Tax

Posted By: John Carney
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Deborah Harrison | Getty Images

The Obama Administration’s $20 billion proposal to try to force banks to modify mortgages looks an awful lot like an attempt to revive the $20 billion bank tax that was rejected during the negotiations over Dodd-Frank.

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  Wednesday, 9 Mar 2011 | 10:09 AM ET

War Machine Watch: Delusions of No-Fly Zone Without Bombing

Posted By: John Carney
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011
Mustafa Ozer | AFP | Getty Images
Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

Advocates of creating a no-fly zone over Libya continue to push the line that it can be done antiseptically, almost peacefully.

Douglas Barrie, an aerospace analyst at the International Institute for Strategic Studies, denied Defense Secretary Robert Gates argument that the first step in creating a no-fly zone would be bombing Libya’s air defense installations.

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  Wednesday, 9 Mar 2011 | 8:58 AM ET

Bill Gates Is No Longer the Richest Man in the World

Posted By: Julia La Roche
  Wednesday, 9 Mar 2011 | 8:25 AM ET

Can Sallie Krawcheck Hold It Together Over at Bank of America?

Posted By: Ash Bennington
Sallie Krawcheck
cnbc.com
Sallie Krawcheck

Sallie Krawcheck, head of Bank of America's wealth management division, has a reputation on Wall Street for being smart, charming, and impeccably honest.

But her job—squaring the circle between Merrill Lynch's brokerage culture and BofA's banking culture—presents what business strategy types call a non-trivial challenge.

\('Non-trivial challenge' is management speak for a job in which you are at least as likely to fail as to succeed.\)

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  Tuesday, 8 Mar 2011 | 5:04 PM ET

Amid the Chaos Libya's Ben Bernanke Disappears!

Posted By: Ash Bennington

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