California sunshine

31 March 2010 By Richard Beales

Bill Lockyer is asking the big banks that underwrite the state’s bonds to tell him about their role in the market for related credit insurance. It’s a fair question. And this kind of disclosure could be a better way to deal with CDS concerns than a hasty and simplistic ban.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)