Detailed text transcripts for TV channel - FOXNEWS - 20110124:19:01:00
Bonds. they say loan us money and we'll way you a certain interest rate. when the demand is high they can pay a lower interest rates. but with all the problems in the economy, these towns may default on their obligations, the demand for bonds is going down and it's pushing interest rates higher. for a town to put up a hospital, a school, to fix a road, remove snow, they have to borrow money at a higher interest rate meaning they are putting themselves into deeper debt as we go forward. their lies the problem it's a catch-22. you want the town to do better but only way it will do better is if p...
Source: news source