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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
Posted by Clames
Member since Oct 2010
16639 posts
Posted on 8/17/18 at 10:51 am to
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 by lsu13lsu
Member since Jan 2008
11489 posts
Posted on 8/17/18 at 10:52 am to
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 by slackster
Houston
Member since Mar 2009
85138 posts
Posted on 8/17/18 at 11:01 am to
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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