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re: Louisiana Bond Commission votes to ban Citi and BoA from state Muni bond issue
Posted on 8/17/18 at 10:51 am to slackster
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.
Posted on 8/17/18 at 10:52 am to Clames
quote:
#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.
Exactly
Posted on 8/17/18 at 11:01 am to Clames
quote:
#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.
Outside of the political gesture, we'd still use Citi and BoA. There is now less competition for underwriting the upcoming $600 million issuance. There is no way to spin this as a good thing for LA taxpayers on a purely business standpoint.
FWIW, I wish Citi and BoA weren't virtue signaling either.
This post was edited on 8/17/18 at 11:08 am
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