BUSINESS

Wall Street Firms Make $1 Billion, Charging Higher Fees For Obama's 'Build America' Bonds

05/10/2010 05:12 am ET | Updated May 25, 2011

Wall Street firms have received fees exceeding $1 billion in less than a year selling "Build America Bonds" meant to spur jobs in struggling cities, often charging municipalities higher costs than for traditional bond deals.

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