JPMorgan, Lehman, UBS Named in Municipal Bond Bid-Rigging Conspiracy
And this: Munis and The Next Crash by Susie Madrak
Then there's this: Did Goldman Sachs, Citigroup and JPMorgan Chase 'Naked Short Sell' California Bonds? Which Could Lead to a Greek Style Collapse?
And this: SMUD Sues Financial Terrorists - Bank of America, UBS, and JPMorgan Over Derivatives
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JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy
- March 26 (Bloomberg) -- JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.
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None of the firms or individuals named on the list has been charged with wrongdoing. The court records mark the first time these companies have been identified as co-conspirators. They provide the broadest look yet at alleged collusion in the $2.8 trillion municipal securities market that the government says delivered profits to Wall Street at taxpayers’ expense
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