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Small investors saved day for state

Individuals bought $1.2b in bonds; Rate, risk appealed as stock market slid

'We saw a sea change in attitude, from people looking to make huge money on stock tips to instead going back to more bread-and-butter investments.' -- Timothy Cahill, State treasurer "We saw a sea change in attitude, from people looking to make huge money on stock tips to instead going back to more bread-and-butter investments." -- Timothy Cahill, State treasurer
By Casey Ross
Globe Staff / June 29, 2009

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When state government faced an urgent cash crunch, an unexpected ally stepped forward to help raise money when it became impossible to borrow from Wall Street: Massachusetts residents. (Full article: 1043 words)

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