How Banks Bankrupt Schools

ONE of the nastier sides of the way the titans of Wall St shafted anyone in sight is emerging; investigative reporters at Bloomberg have put together the sort of story which is so nasty that people are refusing to return their calls.

Arranging the issue of municipal bonds for schools, local authorities and the like provide a modest income to banks like Tony Blair’s employer’s at JPMorgan, and obviously if you are a Big Swinging Dick then modest profits are unsatisfactory.

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Anorak

Posted: 27th, October 2008 | In: Money | Comments (2)