N.J. Flips Buy America Bonds as IRS Scrutinizes Market: Video
97 views · Published 23 March 2012 · 1:15 · Indexed 26 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
April 16 (Bloomberg) -- Bloomberg's Gigi Stone reports on New Jersey's ability to turn a profit by purchasing Build America Bonds and then selling them in as little as five days. The Internal Revenue Service is reviewing the practice of flipping the taxable debt issued by municipalities because the U.S. Treasury subsidizes 35 percent of Build America costs. (Source: Bloomberg)
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