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JPMorgan Cassino Settlement Shows Derivatives Failed Taxpayers – Bloomberg


Bloomberg

JPMorgan Cassino Settlement Shows Derivatives Failed Taxpayers
Bloomberg
(BSC) in 2003 to swap the fixed rates it was paying on 22.5 million euros ($29.5 million) of debt for a variable rate, according to documents obtained by Bloomberg News last month under a court ruling. After the cost of the swap spiraled, the town sued

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