Wall Street Defrauds Wisconsin Schools of Millions of Dollars........

and yet, no jail time for wall street crooks..........what a country........from policyshop........

"This week brings yet more revelations: According to the Wall Street Journal, the SEC is broadening their probe against Stifel Financial for pitching dubious CDOs to a school district in Wisconsin that lost tens of millions of dollars. "The districts were defrauded in these transactions and have spent nearly three years proving how and why," said C.J. Krawczyk, a Milwaukee lawyer representing the schools"..........READ MORE


and from marketwatch.........


"The U.S. Securities and Exchange Commission is investigating whether Stifel Financial Corp.SF -1.46% should have sold collateralized debt obligations in 2006 to five Wisconsin school districts that lost heavily, according to a published report Tuesday. Trusts set up by the Wisconsin schools sank $200 million into CDOs that went sour, according to the Wall Street Journal. The probe marks the first time the agency's investigations into the mortgage bond crisis have focused on the suitability of investments sold to investors, the Journal said"..............LINK