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Bond Advisers: Pay-to-Play, Phantom Bonds, and a Serious Lack of Transparency

<a href="http://www.nytimes.com/2009/02/17/business/17muni.html&quot; target="”_blank”">An
article in yesterday's New York <span>Times</span></a>
points to yet another clever end run around ethics laws involving
municipal bonds. Bond underwriters are not allowed to make campaign
contributions, to prevent a pay-to-play environment. However, financial advisers, the people who hook local

The Responsibility of Lawyers and Other Professionals for Unethical Conduct

<p class="MsoNormal">What is more horrible than the scheme of two eastern
Pennsylvania judges to fill two for-profit juvenile detention centers with
thousands of youths who would not otherwise have been removed from their
families and schools?</p>

Competitive Bidding vs. Development Opportunity

<p class="MsoNormal">Should an option in a light-rail train car manufacturing
contract be exercised, rather than going to a competitive bid, because the
company says it will move its plant, and 5,000 jobs, into the county?</p>

<p class="MsoNormal">This dilemma is being faced by the Los Angeles County
Metropolitan Transit Authority (MTA), and the recession and the stimulus
package are both involved. So is an accusation of conflict of interest.</p>

Fighting Last Year's War Is Not the Way to Draft an Ethics Code

Type "ethics" into the search line at utah.gov, and all that comes up
is Archery Ethics Course Online.<br>
<br>
In response to what are referred to in Utah as last year's "ethics wars," <a href="http://le.utah.gov/%7E2009/bills/hbillint/hb0159.pdf&quot; target="”_blank”">a new
legislative ethics bill </a>has been drafted. What is interesting for

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