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Miami's muni bonds: Safe or sorry?

Wednesday, 20 Nov 2013 | 1:47 PM ET

Miami is bouncing back from its foreclosure crisis, but CNBC's Scott Cohn reports the city is at the center of a 4-year SEC crackdown on municipal bonds. With the former budget director and city already being sued, the SEC is also looking into the Miami Marlins baseball stadium, which was mostly paid for by tax dollars.