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In the US, even state and local governments can sell provides. Unlike federal bonds, these bonds have better pay of interest and the reason for this generally that these governments can go under. However, a federal government cannot go bankrupt. Bonds sold by state and local governments are free from tax.
And why not? What county wouldn't want rich companies the actual use of capital to develop and click here create jobs? Each nation that imitated our model, US Corporationsgladly entered to lead the idea!
Lehman Brothers Holdings Incorporated. The multinational financial giant was worth a reported $691 billion when it lost many of its clients and devaluation of its assets, forcing it to fold in 2008.
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