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The Fine Print on Stable Value Funds: How Stable Is the Issuer?
Morningstar Link to more items from this source
Oct. 4, 2012
"In a time when municipal bankruptcy has been filed this year by a number of California cities, when [the] state of California is effectively insolvent, and when the credit rating of the government of the United States has been downgraded twice in the last three years, it's useful to place a GIC's guarantees in proper context: They rest entirely on the full faith and credit of the insurance company itself that issues the GIC."

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