Advertisement
YOU ARE HERE: LAT HomeCollections

Smart Move on Convention Center

August 01, 1993

Is it so surprising after massive, unbelievable fees, insider trading leaks, stockbroker fraud, rigging the Treasury bond auction markets and a general lack of either ethics or regard for the clients' interests that the Los Angeles Convention Center might find it more attractive to deal with a source of financing other than the special bracket and other major investment banking firms? ("Brawl Over Bonds," June 20)

Is it any wonder after the S&L collapses and scandal, the troubled condition of many banks and the lack of adequate available bank financing that an organization would look beyond the banking world for financing?

It's about time that customers demand service and value by looking for alternative sources of financing and alternative financial service providers. If these are minority-owned underwriters, so much the better. If these are smaller, less experienced firms, maybe new blood is needed. I applaud the Los Angeles Convention Center's careful selection process.

LEIGH McGILL

Woodland Hills

Advertisement
Los Angeles Times Articles
|
|
|