LF Rothschild Unterberg Towbin

"one of the most creative and well-connected underwriters in the California world of municipal finance" came up with a plan in the early 1980s approved by a bipartisan power bloc to craft a new way to finance prisons, evading the required public bond vote, and setting off the prison building boom in California. They went out of business in the late 1980s, with Frederic Prager starting his own business, Prager & Co., LLC