Saturday, July 9, 2011
RE BBC EDITORIAL J P MORGAN BID RIGGING ON STATE AND LOCAL CONTRACTS and investors losing their ARS on munis
It seems more or less a Hobbesian war of all against all, fraud everywhere. J P paying for sneak previews of rival bids for state and local bond contracts, California, Texas, New Jersey..........
Raymond James recently settled 300m for causing its investors to lose their ARS (auction rate securities, mostly munis, etc., etc., etc.). Bigger banks had settled earlier on ARS losing investors.
Raymond James recently settled 300m for causing its investors to lose their ARS (auction rate securities, mostly munis, etc., etc., etc.). Bigger banks had settled earlier on ARS losing investors.
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