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NY MTA-Banks' handling of auction rate hits syndicate

Mon Apr 28, 2008 11:38pm IST
 
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NEW YORK, April 28 (Reuters) - New York's Metropolitan Transportation Authority will weigh how well banks supported its auction rate debt when choosing the top spot on its bond syndicates, the agency's chief financial officer said on Monday.

"Who runs the books is on a rotating basis but it isn't always strict," Gary Dellaverson explained to reporters after committee meetings.

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