Potential End of BAB Program Hastens Impending Doom for Munis

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Check out the smack down investors laid on municipal bonds after Obama and Congress declined to extend the Build America Bonds program: Source: StockCharts.com The WSJ reports: If the BAB program is allowed to expire on Dec. 31, ending the sale of those federally subsidized, taxable securities, state and local governments would issue more tax-exempt […]

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