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

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There is no way to spin this as a good thing for LA taxpayers on a purely business standpoint.

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To expound on this:

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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.

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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.