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Joe Mysak

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PHILADELPHIA HAS SUED seven 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. / BLOOMBERG NEWS FILE PHOTO/JOHN TAGGART

Philadelphia sues seven banks over ‘collusion’ in muni deals

NEW YORK - Philadelphia sued seven banks including JPMorgan Chase & Co. and Bank of America Corp., accusing them of costing local governments billions of...

Pundit prediction on muni defaults way off the mark

Cutting the hours a public library is open isn’t a municipal-bond default. Disbanding a city’s symphony orchestra isn’t a municipal-bond default. Asking retirees to pay more...

When $137 million changes nothing there’s trouble

In April 2000, 12 big municipal-bond underwriting firms agreed to pay $140 million to settle federal allegations that they defrauded states and localities in...

That 7% tax-free yield is waiting for you on Guam

You can find tax-exempt yields of 5 percent and more in the municipal bond market, if you are willing to confront risks such as...
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Leasing states’ assets becoming common cash maker

The state of Illinois wants to get out of the lottery business.What a wonderful idea! Illinois should stop gambling. So should the other 41...
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