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The state is issuing taxable bonds, rather than normal tax-exempt securities, because some of the bonds will be sold under the federal government’s Build America Bonds plan. The program allows states and other muni issuers to sell taxable bonds to fund infrastructure projects and have...
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism