Tuesday, October 1, 2013

Obama's premeditated and deliberate destruction of financial security at State and Local levels

10/01/13

Federal Government Gets Ready to Help States, Cities Mismanage Money 

Get ready for local government to get more expensive thanks again to our wonderful federal government. The federal government, under the guise of the Securities and Exchange Commission (SEC) is proposing to “help” local governments better manage their cash by adding onerous regulations to money market funds that would make it virtually impossible for cities, states and other local governments to use anything other than old-fashioned bank accounts to store cash.

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