On the recordSeptember 8, 2014
I have not yet heard a convincing argument why, for instance, corporate debt can be considered a high-quality asset but investment-grade municipal securities cannot.
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congress.govI have not yet heard a convincing argument why, for instance, corporate debt can be considered a high-quality asset but investment-grade municipal securities cannot.
Schumer questions the rationale behind excluding municipal securities from high-quality asset classification.
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