1. Three Hats, No Head.
- Author
-
Van Natta, Jr., Don
- Subjects
PUBLISHED reprints ,MUNICIPAL bonds ,DERIVATIVE securities ,ECONOMIC history - Abstract
This article presents a reprint of the article "Firm Acted as Tutor as It Sold Risky Deals to Towns" by Don Van Natta, Jr., which appeared in the April 7, 2009 issue of the "New York Times." The article focuses on the economic hardship that small U.S. cities and counties experience as a result of their reliance on risky municipal bond derivatives that failed. Particular attention is given to the operations of investment bank Morgan Keegan & Company, a financial adviser to Lewisburg, Tennessee.
- Published
- 2009