Friday, January 9, 2009

Nationwide Inquiry on Bids for Municipal Bonds

http://www.nytimes.com/2009/01/09/business/09insure.html?_r=1
Funny what no one will question in a boom time, is rapidly exposed when a recession hits. This appears to a huge scandal.

People with knowledge of the evidence say investigators are not just looking at a few bad apples, but also at the way an entire market has operated for years.

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