PA Capitol Charged by SEC

We’ve been following Harrisburg, Pennsylvania’s flirtation with bankruptcy and state takeover thanks to a high-priced municipal incinerator that once promised a bonanza of fees from trash carted in from beyond the city limits.  But few customers came and the incinerator’s exotic financing boomeranged in the fiscal crisis. The SEC now contends that things were dire earlier, but Harrisburg found ways not to let on.