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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (269406)12/3/2003 4:11:53 PM
From: ild  Read Replies (1) of 436258
 
KT, can you please translate this in English?

IRS PROBES USE OF DERIVATIVES FOR 'YIELD-BURNING'
IRS investigates use of derivatives to implement suspected "yield-burning" schemes in municipal bond market. Also, agency says it is seeing instances of apparent bid-rigging of derivatives.
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