An anonymous adviser? No downside? A politically connected financial advisory firm? Pray tell what could possibly go wrong with the CPS decision to get involved with tying bonds with interest-rate swap contracts?
CPS turned to a financial advisory company that was 5 months old to provide professional advice on bonds totaling $1 billion. What could possibly go wrong with that advice? An anonymous adviser should not only have been identified but had his or her credentials fully vetted and been interviewed by a panel of fifth graders. Fifth graders know that if a deal is too good to be true, it probably isnt.