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The new bond in town

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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-28-09 11:51 AM
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The new bond in town
Lost in the ideological battles over fiscal stimulus is one newly authorized program that is already delivering results: Build America Bonds (BABs). Unexpected demand has transformed this once-obscure component of the federal stimulus legislation into the hottest bond since Daniel Craig.

California, the University of Minnesota, the New Jersey Turnpike Authority, and the New York Metropolitan Transportation Authority have been among the first to issue this new class of municipal bond, which could transform how America finances its 21st-century infrastructure needs.

http://news.yahoo.com/s/csm/20090626/cm_csm/ymandel
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NV Whino Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-28-09 11:57 AM
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1. I would have a hard time buying these bonds just based on the acronym.
BABs!
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