A great example is the city of Chicago selling its parking meters for 1.15 billion dollars. Now considered one of the biggest financial mistakes the city ever made
Having sold a fairly sophisticated and expensive financial product with nasty downside risks to lots of states and cities, Wall Street then went on to rig the underlying number: https://www.reuters.com/legal/ten-big-banks-settle-us-intere... (although market conditions since the financial crisis would have caused the buyers to lose money anyway)
Having sold a fairly sophisticated and expensive financial product with nasty downside risks to lots of states and cities, Wall Street then went on to rig the underlying number: https://www.reuters.com/legal/ten-big-banks-settle-us-intere... (although market conditions since the financial crisis would have caused the buyers to lose money anyway)