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Moral Obligation Bonds #36185

ABC Evening News for Tuesday, Mar 11, 1975
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(Studio) Yesterday, ABC had report on moral obligation bonds and problems raised when New York Urban Dvt. Corporation defaulted on $135 million in notes due. Today more than $50 million worth of these moral obligation bonds for sale in New York. Bonds sold at net interest cost of nearly 7 1/2%.
REPORTER: Harry Reasoner

Reporter(s):
Reasoner, Harry
Duration:
00:00:20

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