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News Link • Economy - Economics USA

The Proposed 'America Fast Forward Bonds' Look Like Something Out Of Fannie Or Freddie

• Business Insider
 Nothing new; an infrastructure bank that would borrow money outside of the government using government guarantees, and a newfangled debt instrument called:

America Fast Forward Bonds

I love the name. AFFs will be the Street name. AFFs will be structured like BABS (Build America Bonds). This is a hybrid security that will be issued by a Muni. It will be taxable (unlike regular muni’s), it will therefore have a premium yield to non-taxable muni paper. The Federal government will pay (1/3) of the interest due on the bonds.

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