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Resource ID: #8352
Subject:Stocks And Bonds
Source:San Francisco Examiner
San Francisco Examiner series reports on the misuse of municipal bond moneys by local officials and financial advisors who persuaded California taxpayers and bondholders to borrow tens of millions of dollars to build municipal projects that will not be built; finds that bond underwriters walked off with with millions of dollars after showering elected officials with lavish gifts, meals and campaign contributions, May 19, 1991.