Monday, March 06, 2006

How do these bond things work?

I'm talking about the stadium bonds. I know general how a government bond works. Bond is issued, and entity X buys the bond, which has a promise of being paid back, usually after Y years.

What I'm curious about is how the stadium bonds will work. Are these things that only banks or financial institutions will be able to buy? Cause if there's an option to buy a stadium bond, if that's something open to the everyday type person, I'd be interested.

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