Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RJA_ who wrote (73772)	5/31/2010 2:33:00 PM
From: Haim R. Branisteanu	of 74559

Oh those sooo smart US banks which every one emulates Four banks are on trial in Milan for fraud in the sale of derivatives to the city, a case that may set a precedent for other municipalities,while Bari prosecutors are investigating Bank of America Corp. and a unit of Dexia SA for misleading the region of Puglia on swaps. Italy’s Senate Finance Committee in March proposed restricting derivatives to larger towns and banning some swaps altogether.

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