In the House, one of the bills -- introduced by Rep. John J. LaFalce (D-N.Y.) -- calls for the issuance of Victory Bonds to fund recovery and relief operations, including humanitarian assistance, and to combat terrorism.Whatever the name, a new war bond would most likely be similar to the present Series EE bond backed by the federal government. When you buy a Series EE, you pay half of the bond's face value (for example, $25 for a $50 bond). The bonds earn interest each month for up to 30 years. The Treasury would determine the yield and denominations of the war bonds. Currently, Series EE bonds are paying 4.5 percent.http://www.washingtonpost.com/wp-dyn/articles/A12461-2001Oct18.htmlLooking for other people's opinion on this.Chris
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