Woman Claims Her Money-Saving Bond Idea Was Crushed By Wall Street

In April 2005, Linda Grant Williams, a structured finance and real estate lawyer living in Bedford, New York, came up with a new way to finance the construction of airport terminals. Her way of financing and refinancing these deals could have saved airlines billions of dollars, she claims in a lawsuit filed in 2008. The idea was to issue bonds with ratings based on the demand for passengers that fly in and out of busy U.S. airports like La Guardia, JFK or LAX. High and reliable flyer traffic...Full Story
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