Wednesday, July 18, 2012

How Wall Street Scams Counties Into Bankruptcy

http://www.informationclearinghouse.info/article31898.htm
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.

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