Regional News
Liu Seeks $6.6M Clawback
Wednesday, November 21, 2012
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New York City Comptroller John Liu said an audit of the city’s Department of Environmental Protection’s Bowery Bay water pollution control project in Queens determined that a consultant’s design errors and omissions had cost the city an extra $6.6 million, but the agency made little or no effort to recoup...

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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