Philadelphia Sues Wall St Banks Over ‘Collusion’ in Muni Deals

Cornell University Law School Professor Robert Hockett discusses the lawsuit by the city of Philadelphia against seven of the largest Wall Street investment banks accusing them of costing local governments billions of dollars by colluding to fix the prices on floating-rate bonds issued to finance public works. He speaks to Bloomberg's June Grasso. See omnystudio.com/listener for privacy information.