Bank America Bonds

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  • Wed, Sep 30, 2009 - 06:22pm

    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Bank America Bonds

The worst recession since the 1930s has already pushed defaults to double-digit rates, Reuters writes. According to Standard & Poor’s, the default rate rose to 10.4 percent in August from less than 1 percent in 2007 as the recession and credit crunch left companies unable to pay off debt.

surety bond

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