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Message
re: Louisiana Bond Commission votes to ban Citi and BoA from state Muni bond issue
Posted on 8/17/18 at 10:41 am to lsu13lsu
Posted on 8/17/18 at 10:41 am to lsu13lsu
quote:
There are other underwriters who will do just as good of a job or better.
If other underwriters did just as good of a job or better, Citi and BoA wouldn't be #1 and #2 across the country.
The bond commission isn't excluding them because they're bad a their job. They're excluding them because they don't like their political stance.
2
Posted on 8/17/18 at 10:51 am to slackster
quote:
If other underwriters did just as good of a job or better, Citi and BoA wouldn't be #1 and #2 across the country.
In an industry like this the #3 or below can provide just as good of service as the #1. They just may not do the volume. Just because someone does more deals in the government sector doesn't mean they are the best. In the government sector it is about who you know not what you know.
This post was edited on 8/17/18 at 10:56 am
Posted on 8/17/18 at 10:51 am to slackster
quote:
Citi and BoA wouldn't be #1 and #2 across the country
#1 and #2 in terms of size, not quality. Walmart is the #1 retailer in the US but nobody is going to say it's because of high quality standards. Well, you might.
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