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Build America Bonds

William Alden

'NO MORE DEBT': Municipal Bond Issuance Down By Half This Year | William Alden | Posted 08.03.2011 | Business

NEW YORK -- As cities and states struggle with historic budget shortfalls, governments have put one item squarely in the cross-hairs: their debt. R...

State Budget Woes Unlikely To Be Fixed In Washington

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as widening state budget deficits are becoming a potential stumbling block for economic recovery, Federal assistance seems unlikely. With Washin...

Weekly Audit: We Welcome Our New Plutocratic Overlords

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

By Lindsay Beyerstein, Media Consortium blogger Meet the new global elite. They're pretty much the same as the old global elite, only richer and more ...

Pelosi Passes the Baton to Boehner

Michael Likosky | Posted 05.25.2011 | Politics
Michael Likosky

As tempting and intoxicating stories of Republican Restoration and Democratic Triangulation may be, it is far more important to figure out how we can use TARP banks to reinvest in our real economy.

Sell Local?

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Local and state finances receive very little national attention. Across the most recent economic crisis, local government finances have taken an epic battering. How bad is it? Bad.

The F Word: Attacks On Government Workers in Tax Deal

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

A little-noticed provision in the "tax cut compromise" we discussed today with Bernie Sanders might well drain the states' coffers.

Fate Of 'Build America Bonds' In Doubt

Posted 05.25.2011 | Business

CHICAGO: - A dispute between Democrats and Republicans over the continuation of the Build America Bond program and a sharp drop in Treasury prices sla...

Extend Build America Bonds Too

Alan B. Krueger | Posted 05.25.2011 | Business
Alan B. Krueger

Build America Bonds have provided crucial support for state and local governments at a time when they faced unprecedented stress raising funds. And, that's right, BABs were structured as a tax program.

The American Debt Crisis & Infrastructure Investment

Michael Likosky | Posted 05.25.2011 | Politics
Michael Likosky

Economists are fond of telling us that America's competitive disadvantage - its inability to produce more domestic jobs - is the result of low labor c...

An Infrastructure Bank: Reinvesting in America

Michael Likosky | Posted 05.25.2011 | Politics
Michael Likosky

On Labor Day, President Obama announced a National Infrastructure Bank to direct our reinvestment in American infrastructure. In doing so, he returned...

Enlisting Goldman in Our Recovery

Michael Likosky | Posted 05.25.2011 | Politics
Michael Likosky

We must modernize the rules governing our financial institutions swiftly so that we can turn to a more pressing matter - how to move capital into our ...

Investment Banking and California's Municipal Bonds

Dennis Santiago | Posted 05.25.2011 | Los Angeles
Dennis Santiago

California State Treasurer Bill Lockyer is a man with a lot of questions. On March 29, 2010 his office sent letters to Bank of America, Barclays, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley asking about their credit-default swap practices.

Retuning the Bad Rap for BABs

Alan B. Krueger | Posted 05.25.2011 | Business
Alan B. Krueger

Some recent press coverage has provided a misleading picture about a successful Recovery Act program, Build America Bonds (BABs). Let's set the record straight.

Build America Bonds Earn $55.7 Million In Fees For Goldman Sachs

BusinessWeek | Michael McDonald | Posted 05.25.2011 | Business

March 10 (Bloomberg) -- Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, has made $55.7 million from the sale of ...

'Build America Bonds,' Meant To Create Jobs, Generate Wall Street Fees | IANTHE JEANNE DUGAN | Posted 05.25.2011 | Business

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, o...

Sen. Grassley Grills Goldman Sachs Over Hefty Fees For 'Build America' Bonds

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Sen. Chuck Grassley (D-Iowa) is concerned that Goldman Sachs will collect sizable fees from its role as an underwriter of the 'Build America' bonds th...

Judging the Stimulus Law: Three Overlooked Areas

Michael Likosky | Posted 05.25.2011 | Politics
Michael Likosky

As the spin cycle assesses the successes and shortcomings of the American Recovery and Reinvestment Act (ARRA), it is worth pointing to three areas in the law that are too often overlooked.