----- Original Message ----- From: "Ferenc Molnar" <ferenc_molnar at hotmail.com>
Not sure if I understand this but I find this terrifying. Are the banks planning on bundling and securitizing these "infrastructure funds", privatized municipal and state bonds, in the same way as they did mortgages?
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They talk about the free market and competition but that's the last thing they want. Guaranteed incomes and a captive consumer is much more attractive.
Joanna