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Philadelphia Sues Wall St Banks Over ‘Collusion’ in Muni Deals

Philadelphia Sues Wall St Banks Over ‘Collusion’ in Muni Deals

Bloomberg Law

February 22, 20198m 23s

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Show Notes

Cornell University Law School Professor Robert Hockett discusses the lawsuit by the city of Philadelphia against seven of the largest Wall Street investment banks accusing them of costing local governments billions of dollars by colluding to fix the prices on floating-rate bonds issued to finance public works. He speaks to Bloomberg's June Grasso.

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