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Archive for August 20th, 2010

Another black eye for New Jersey

20 Aug

The State of New Jersey was accused by the Securities and Exchange Commission of committing fraud when it issued bonds between 2001 and 2007.   According to the SEC complaint, the State did not fully disclose to bond buyers the extent of the growing shortfall in the state’s two major pension plans.   Read the rest of this entry »

 
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Posted in New Jersey