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Social Finance launches prison bond
Social Finance launches prison bond - Trends
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March 19 (Bloomberg) -- Prison terms will do what years of good intentions, new rules and cash fines have not: clean up the municipal bond market. Three former employees of CDR Financial Products of Beverly Hills, California, have pleaded guilty to bid-rigging and fraud conspiracies as well as wire fraud in connection with the reinvestment of bond proceeds. They face years in prison and millions of dollars in fines. It’s about time. For years, the municipal market’s malefactors have operated with no fear, because there were no consequences to bad behavior. This is just the beginning of the government’s ...
Mr. Lothian is out of the office this week, and will return on Monday, July 12. Jon Matte is compiling and producing the John Lothian Newsletter in his absence. Questions, comments and requests should be sent to email@example.com . ++++ 40th Annual LaSalle Street Dinner Dance By John J. Lothian As most you know, Boy Scouts is an organization for which I have a true love and appreciation, one that I give a lot of time and treasure to. And this year is an eventful one for Boy Scouts of America, as it is its 100th Anniversary. Here in Chicago, we also are hitting a milestone, the ... Read More
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SOCIAL FINANCE LAUNCHES PRISON BOND
Long Beach City Council Meeting
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