CoreStates settlement has potential bright side for entire market

Ferris, Craig T.
March 1998
Bond Buyer;03/09/98, Vol. 323 Issue 30346, p33
Trade Publication
Opinion. Comments on the impending yield-burning settlement between CoreStates Capital Market Inc., the US Securities and Exchange (SEC) Commission and the US Internal Revenue Service (IRS). Impact of settlement on the municipal bond market; Black-box escrow bond scams in the 1980s; Refusal by IRS to rescind revenue procedure; Crusade by SEC chairman Arthur Levitt to clean up the municipal bond market.


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