Quick Picks: PTSD and Muni Bonds
An Iraq war veteran asked his Army psychologist last June why he had been diagnosed with an anxiety disorder instead of PTSD and was told, “Not only myself, but all the clinicians up here are being pressured to not diagnose PTSD,” reports Salon. The admission, which the patient recorded, seems to support a belief held by some soldiers and advocates that “the military does not want Iraq veterans to be diagnosed with PTSD, a condition that obligates the military to provide expensive, intensive long-term care.” According to Salon, an internal investigation conducted by the Army found no wrongdoing.
Also, thanks to lax state regulation, a Memphis-based investment bank, Morgan Keegan, was able to both advise towns and cities across Tennessee to purchase risky municipal bond derivatives and then actually sell them those derivatives—$2 billion worth since 2001, reports the New York Times. Now many of those towns are struggling with massive debt and some local officials say the company didn’t warn them about the risks. The company’s managing director “denied that the firm had a conflict.”