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BAB Payment Cuts a Focus for Virginia Issuers

Sequestration and the reduction of Build America Bond subsidy payments took center stage as several prominent Virginia issuers came together to discuss their situations with investors Friday.

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Comments (1)
The failure of the Federal Government to honor a financial obligation that was relied upon when bonds were issued is of far more consequence than the one time effect (unless the reduction becomes permanent). It is truly sad to note the apparent indifference to an abrogation of legal responsibilities by Congress. We need to make the attempt to correct this action before it becomes a very dangerous precedent for future behavior. David Leininger, CFO, DART
Posted by dll | Tuesday, March 26 2013 at 8:49AM ET
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