IRS statement about audit raises concern about BABs:

06/7/2010 | Wall Street Journal, The

Comments from Internal Revenue Service officials created concern that some municipalities could lose subsidies on Build America Bonds. The comments shook the $2.8 trillion municipal bond market. The IRS said some BABs could be incorrectly priced, and the agency is starting to audit sales of the bonds.

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Wall Street Journal, The

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