NAPA, Calif. -- Bond dealers should impose a moratorium on political contributions and politicians should stop soliciting them from underwriters until federal guidelines are established, the head of a municipal investment banking firm said last week.

"On the issue of political contributions for underwriters, I think we're basically out of that game," said Calvin Grigsby, president and chief executive officer of Grigsby Brandford & Co. in San Franciso.

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