Sunday, March 28, 2010

Bid Rigging at JPM; Foreigners Flock To Munis; History Tax In Portland; 2000 Congressional Staffers Make Six Figures; Trade Wars With France

Here is a weekend wrapup of stories of interest over the past week or so that I was unable to comment on at the time in more detail.

Bid Rigging Conspiracy at JPMorgan

JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy http://www.bloomberg.com/apps/news?pid= ... Zw5k&pos=1

March 26 (Bloomberg) -- JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.

A government list of previously unidentified “co- conspiratorsâ€