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Got a problem with a certain hedge fund trying to profit by invalidating certain Illinois bonds?

AUGUST 19, 2019 | by Mark Glennon | WIREPOINTS ILLINOIS NEWS

“… Yikes! ‘Hedge fund’ and ‘credit default swaps.’ Few terms are more certain to trigger fears of sinister forces at work. And it’s just unseemly for somebody to try to profit from the state’s default. That seems to be enough reasoning for many. But hold on. It’s not so simple. There’s another side to this. …”

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