Wisconsin Schools Renege on Depfa Notes

Shields, Yvette
July 2010
Bond Buyer;7/29/2010, Vol. 373 Issue 33358, p1
Trade Publication
The article reports that all the school districts in Wisconsin are going back on their moral obligation pledge to pay back asset-backed notes issued by the trusts and sold to Depfa Bank PLC. It mentions that the school districts were involved in a failed investment scheme that was tied to financing the non-pension retiree health care trusts. It notes that the Securities and Exchange Commission has launched an investigation on the investments which included credit default swaps.


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