Did New York Times’ Gretchen Morgenson Get Spun on the Denver Public School Financing Story?
The Naked Capitalist says:
I am in no position to say definitively, but Morgenson may have been spun in her report yesterday on a Denver public school financing that turned out worse than initially planned due to financial upheaval. Superficially (and the story presents quite a few general comments and analogies that encourage readers to make the association) this story fits into conventional narrative of “municipality meets banker, banker sells derivative, banker wins and municipality loses, each big time.”
