SEC going after fraud in muni bond offerings
New Jersey is reportedly the first state government ever to be accused of securities fraud -- but surely not the last. The problem? It had to do with funding the government employees' pensions.
New Jersey is reportedly the first state government ever to be accused of securities fraud -- but surely not the last. The problem? It had to do with funding the government employees' pensions.
Comments (1)
Lucky for our local pols that fiscal boneheadedness and magical thinking aren't illegal (yet), or the SEC would have been all over Portland eons ago.
Posted by Eric | August 18, 2010 12:35 PM