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Monday November 19, 2012 at 2:10 pm

On November 13, 2012, the PA Senate Local Government Committee held its second public hearing examining the massive debt of the Harrisburg Incinerator. James Losty of Royal Bank of Canada Capital Markets, underwriter for the 2003 Incinerator retrofit bonds, testified during the proceedings.


Part I: The egregious errors of the Harrisburg Incinerator Forensic Audit Report

Part II: "Clearly the original financing of the 2003 retrofit project was not a contributor to the problems that exist today."

Part III: No conflict of interest

Part IV: "It actually coincides perfectly."

Part V: "The strength is the guarantors."

Part VI: "I'm not someone to shy from giving my opinion."

Part VII: "Very plain vanilla SWAPs."

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