Wall Street wrings money from strapped cities

You can't request more than 20 challenges without solving them. Your previous challenges were flushed.
Courtesy MSNBC.com: Business  Sun, 11/22/2009 - 11:41

Donna Snyder, Hoosier's vice-president for finance for Hoosier Energy Rural Electric Cooperative, calls a John Hancock Financial Services' $120 million fee against Hoosier "a huge challenge." Local governments and public entities, already reeling from the recession, face another fiscal crisis: billions of dollars in fees owed to Wall Street firms on investment deals gone bad.



 

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