- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Louisiana Bond Commission votes to ban Citi and BoA from state Muni bond issue
Posted on 8/17/18 at 11:01 am to Clames
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
Posted on 8/17/18 at 11:07 am to slackster
quote:
There is no way to spin this as a good thing for LA taxpayers on a purely business standpoint.
To expound on this:
quote:
Renee Boicourt, the commission’s financial advisor, said prohibiting the two banks that control a third of the nation’s government bond market would cost state taxpayers more money. She also noted that only Chicago considered tying gun control policy to bonds, but city officials backed off upon realizing the move would make bonds more expensive.
So Louisiana and Chicago politicians, world renowned for their forward thinking and efficiency, are the only two entities that have considered this logic. Even Chicago realized it was a bad idea for its constituents and backed off, but LA will proceed nonetheless.
This post was edited on 8/17/18 at 11:09 am
Popular
Back to top
Follow TigerDroppings for LSU Football News