Relevant:
- S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State
- Wall Street banks negotiating deal over finance disaster
- The Fed Has Spoken: No Bailout for Main Street
- Wall Street's Biggest Heist Yet? How the High Wizards of Finance Gutted Our Schools and Cities - Pam Martens
- New bonds to help cash-strapped states also benefiting Wall Street
2010-07-27 — bloomberg.com
"States have little choice but to use prominent Wall Street firms to market their debt because only the biggest banks have the resources to support such large deals, said John Sinsheimer, Illinois’s capital-markets director."
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