Municipal Bond Forum
Muni bonds support public purposes
Q
Thank you for providing such a well-stated response to the New York Times article last month on alleged work being done to figure out a way for states to declare bankruptcy. As you stated so beautifully, the sensationalism and inaccuracies regarding the nature of the municipal bond market were misrepresented by those seeking to misquote Sen. John Cornyn and the committee hearings he tried to conduct. As a 40-year investor in munis, I take great pride in knowing that my investment dollars are serving a community-minded, positive purpose. It is a wonderful feeling to know that one’s community consciousness can be used for mutual benefit and profit. Thank you for using your prominent position in the municipal bond market field to articulate our mutual concerns so well.
A
James A. Klotz responds:
Thank you for your thoughts.
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