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S. 238, The Build America Bonds Act of 2009
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Visitor Comments
Rural America
February 20, 2009, 6:22pm (report abuse)This is a great idea if an individual can get these. But I figure that the only people that will be able to afford these "small amount" bonds will need to pony up 20-200K. I think it would be better if they issued some of the bonds in the $100 to $5000 range so that people would feel that they are investing in their future.
Remember "War Bonds"?
CRT
April 28, 2009, 1:22pm (report abuse)We certainly need to do something to repair our infrastructure but I'm not sure more debt is the answer.
Minimum initial investment
April 30, 2009, 6:20pm (report abuse)You can buy into the bonds with at least $5,000, not $20k.
Outside US
May 21, 2009, 3:12pm (report abuse)These available to non-US residents?
James in VA
June 19, 2009, 10:27pm (report abuse)I'll keep this short as I feel my head will explode if I hear much more of the bs DC is doing.
WE GIVE 100's of BILLIONS to bankers which we PAY interest on to the SAME BANKERS!!!! What is going on????? So far according to Bloomberg the bankers have STOLE around 16-17 TRILLION DOLLARS from US the taxpayers. How many roads could be built for that??? I would say ALL OF THEM. END THE FED!!! Then fix everything with dept free money issued by our government, not private bankers who leech off us. Support HR 1207 and S 604 Audit the fed.
Lori in NYC
July 6, 2009, 8:32am (report abuse)If I understand this correctly, this is a terrific idea. Many munis end up getting refunded for savings after the 10 year call. If this BABs bonds are sold in the traditional corporate structure, without the call options, investment banks will stop making money off of muni issuers by "recycling" their debt structure every 10 years.
Also, it means that everyday people, not in the 35% tax bracket, could actually purchase these high quality credit muni bonds.
Chuck in Houston
July 6, 2009, 2:01pm (report abuse)Can anyone point me to info addressing the following worst-case scenario: assume the municipality defaults on one of its BAB coupon payments -- what happens to the 35% subsidy from the U.S. Treasury? I have heard people representing the Treasury say that, as far as the subsidy payments not needing subsequent appropriation by Congress, that such payments would be considered as "tax refunds". Does this mean that bondholders, in my worst-case scenario, would not receive any of such payments?
Pete
(logged in user) July 11, 2009, 9:30am (report abuse)where can you buy these BAB's ?