WASHINGTON -- Patrick Quinn, the treasurer of Illinois, is pulling a fast one on his state's taxpayers.

Last week Quinn struck a pose as the workers' white knight doing battle with shady underwriting deals when he suspended Merrill Lynch & Co. from doing business with his office.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.