re: Louisiana Bond Commission votes to ban Citi and BoA from state Muni bond issue

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.