March 24, 2010

Municipal Bond Abuses

[From article]
"What’s going on here? This is only the biggest criminal investigation into the $2.8 trillion municipal bond market ever, and most people have never heard about it. [. . .]
what happens after states and municipalities sell bonds and reinvest the money until they need it.[. . .]
[it's] an environment where nobody seems to be looking."

http://www.bloomberg.com/apps/news?pid=20601039&sid=aKnD.lV.d3j0

Bond Bid-Riggers Deserve Overdue Jail-Cell Justice
By Joe Mysak
March 23, 2010
Bloomberg.com

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