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Thursday April 26, 2012 at 12:00 pm

On March 28, 2012 Harrisburg Receiver David Unkovic held a press conference in his Office of the Receiver and read a letter asking US Attorney Peter Smith and PA Attorney General Linda Kelly to investigate "possible illegal activities" related to the Harrisburg Incinerator financings. During the presser, Unkovic referred to Jim Losty of RBC. This is video from 2007 of Jim Losty testifying before Dauphin County Commissioners on the "background on the County-guaranteed debt." Losty proceeds to give an explanation using such terms as "SWAPs," "interest rate exposure," and "hedged." He also refers to the "monitoring" and "suggestions" his company had made to the Harrisburg Authority, going so far as to say, "the Authority was given the idea" of how to proceed. In his opening statements after being given the mic from Attorney Andrew Giorgionne, Losty introduces himself as an underwriter and SWAP provider of previous County financings.--Tara Leo Auchey

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