Nineteen years ago i n Michigan , I found underwriters and an independent financial adviser wining a

If I were a district attorney or attorney general in California someone with subpoena power I d be asking hard questions about the behavior of public school officials and the people who arrange loans, aka bonds , for the state s schools.
Specifically, were there trips, completely unnecessary, by school officials to, say, New York, under the pretext of  lobbying credit rating agencies such as Standard Poor and Moody s, supposedly to argue the case for the district s loan-worthiness?
Nineteen years ago i n Michigan , I found underwriters and an independent financial adviser wining and dining school officials and treating them to free trips to New York. The officials would then select that underwriter to issue their debt at huge cost to Michigan taxpayers.
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