The New Mexico Finance Authority "over-emphasized and under-prioritized the importance of bond credit ratings," in a "culture of complacency" that led to a fraudulent audit, according to an investigative report from the New Mexico Securities Agency.
Report: Rating Pressures Motivated NMFA Audit Fraud
DEC 5, 2012 5:57pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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