Residential electrical bills from some local utilities still go to paying off the costs of the project, which remains the largest municipal bond failure in U.S. history.

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The latest bond failure means an end to that confidence.

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The failure of the German bond-market could be a wake-up-call to European leaders to take more drastic action to prevent the crisis.

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It forms an intimate bond that engages ambition, achievement, competition, criticism, fear, failure, reconciliation, growth, renewal.

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Issuers and bond underwriters, as well as many bondholders want to limit the calling of a default to a failure to make interest or principal payments to bondholders when they are due.

FORBES: Even If A Bond Doesn't Default, You Can Still Lose Your Money