SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.07-0.5%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: md1derful who wrote (6309)1/8/2002 11:55:34 AM
From: md1derful  Read Replies (2) of 6439
 
Some more Schwab stuff from this morning:

Mark McMinimy – Tobacco: Supreme Court Action a Victory for Tobacco-Backed Municipal Bonds
As generally expected, Supreme Court yesterday denied a petition by cigarette wholesalers who sought to
challenge the legality of the 1998 Master Settlement Agreement (MSA) between major U.S. cigarette
manufacturers and the states. The outcome is of particular interest to holders of municipal bonds that are
backed by the revenue stream created by the MSA.
Another legal challenge to the MSA is one being pursued by a group of Pennsylvania smokers who make the
standard antitrust arguments that have failed to gain legal traction so far, but add a new twist. This group
contends that MSA violates the Compact Clause of the U.S. Constitution, which prohibits states from
entering compacts with one another without the consent of Congress. Our sources indicate this represents
the strongest argument to date, but believe it unlikely to prevail in court. As such, we do not see it as a major
threat to the integrity of the MSA.

Stock behaving strongly now..perhaps with feelings that potentially crippling fed lawsuit is fading, more investors are willing to take the plunge
doc
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News