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IPFS News Link • Education: Government Schools

Deutsche Bank Swap Makes Pennsylvania Taxpayers Lose (Update1)

1-18-2007 • Bloomberg (Mish; kudos Charles G.)

The third-poorest city in Pennsylvania is a lot poorer because of a 28-year bet on interest rates that already has gone awry. The school district must pay $230,000 to Deutsche Bank because it's on the losing side of a wager [sell more bonds]

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Reported By Powell Gammill

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Deutsche Bank Swap Makes Pennsylvania Taxpayers Lose (Update1)

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