Morganfield reached out and adjusted Leo's collar.
"At this level of risk, the original price is no longer enough."
Leo looked at the old, well-manicured hands.
"What do you want?"
"It's simple."
Morganfield smiled.
"Besides the exclusive operating rights for the Inland Port,"
"I need two more things."
He held up one finger.
"First, the exclusive underwriting rights for all of Pittsburgh City's municipal bonds for the next thirty years."
Leo's pupils contracted sharply.
Exclusive underwriting rights.
This meant that from now on, every cent the Pittsburgh City Government borrowed would have to pass through Morganfield's hands.
He would control the city's financial lifeline. He could dictate its financing costs and even decide which projects the city could or could not undertake.
This was tantamount to handing over fiscal authority.
"Second."
Morganfield held up a second finger.
