BAB's securities are 35% underwritten by the government as to interest payments. These bonds have been very well liked with institutional investors, Particularly insurance policies. The fund was launched in 2009. While the audience was largely friendly to Christie there were some who were clearly not happy with the governor. One Sandy person held a sign that read "Christie decide" via the entire event. She and others who have been vocally critical of Christie's handling of the Sandy recovery effort were not called on to ask any questions,

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