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Monday, March 12, 2012

New York's Suffolk County Notes Seen Getting Low Rates Despite Crisis

NEW YORK - New York's Suffolk County, which last week declared a financial crisis, is still expected to obtain fairly low interest rates when it sells short-term notes, a stop-gap measure needed to avoid running out of cash in April. Suffolk County, located on Long Island's eastern half and home of The Hamptons, the beach resorts where rich people from Wall Street and around the world spend summers, has run into the same sorts of problems now bedeviling other communities in the United

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