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To: ChanceIs who wrote (143926)	9/2/2008 8:30:06 AM
From: KyrosL	Read Replies (1) \| Respond to of 306849

If Obama is elected, or if it becomes clear he will be elected, there will be a lot of demand for munis from those making more than $250K a year. 9 months may be too long to wait to buy them, unless McCain starts gaining in the polls.

To: ChanceIs who wrote (143926)	9/2/2008 9:00:33 AM
From: Schnullie	Respond to of 306849

That's why I wouldn't touch 'em. For those interested though, you can get AAA-rated munis yielding in the low 5's (of course, yesterday's A rating is today's AAA) but you have to go out 5 and 10 yrs. See Schwab's bond screen for instance.

To: ChanceIs who wrote (143926)	9/4/2008 5:14:25 PM
From: ChanceIs	Respond to of 306849

Structured Finance Comes to Main Street >>>I will be hanging at the American Enterprise Institute next Tuesday afternoon when the above topic will be discussed. Will post the video rebroadcast when it becomes available. I have commented several times that the pundits at AEI are not so keen on snatching up munis.<<< Event is a panel discussion format and will address growing signs of financial distress among state and local government agencies that invested in complex structured debt instruments. Some questions: Does the idea of a school district in Wisconsin borrowing money to invest in CDOs, this in order to fund future health care liabilities, strike anyone as strange? Will the use of leverage and irresponsible financial strategies cause local governments to seek shelter in bankruptcy? Is the economic downturn resulting from the collapse of the latest speculative bubble on Wall Street going to result in more localities, such as Jefferson County, AL, or Vallejo, CA, seeking protection from creditors? To what extent did active lobbying in state capitals by Wall Street firms enable the spread of the subprime disease into the public sector? This is another cooperative event between American Enterprise Institute and PRMIA! Presenters David R. Kotok, Cofounder and Chief Investment Officer, Cumberland Advisors Bio Larry Lavender, Republican Chief of Staff, House Committee on Financial Services Joseph Mysak, Jr., Journalist, Bloomberg News Richard A. Ciccarone, Managing Director and Chief Research Officer, McDonnell Investment Management, LLC Alex J. Pollock, Resident Fellow, American Enterprise Institute Christopher Whalen, Managing Director, Institutional Risk Analytics/PRMIA DC SC