New Jersey Interest-Rate Swap Costs State $22k A Day

New Jersey Swap Payment Costing Taxpayers Losing $22,000-a-Day With Swap for Bonds Never Sold

Dec. 4 (Bloomberg) -- New Jersey taxpayers are being saddled with a bill of about $657,000 a month from Bank of Montreal for an interest-rate swap approved by state officials and linked to bonds that were never sold.

Popular in the Community

Close

What's Hot