How Wall Street Scams Counties Into Bankruptcy - Bloomberg
For some reason, Wall Street never seems to get the message that bribing government officials -- and paying each other off - - to get access to lucrative municipal-bond underwriting business is illegal. Wall Street has never learned this lesson because the miniscule price it ends up having to pay for misbehaving has absolutely no deterrent value whatsoever.
-------------
This piece then goes on to summarize some of the catastrophes that have occurred to date.
No comments:
Post a Comment