2008-02-14 — nakedcapitalism.com
' ``Our first priority will be to protect the municipal bondholders and issuers,'' according to Dinallo's testimony. ``We cannot allow the millions of individual Americans who invested in what was a low-risk investment lose money because of subprime excesses. Nor should subprime problems cause taxpayers to unnecessarily pay more to borrow for essential capital projects.'' '
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