Yesterday’s lead story about the possibility of Congress granting optional federal charters for financial guarantors incorrectly reported that Rep. Barney Frank met last week with officials from some of the largest bond insurers. Frank’s staff met with the insurers, but he was not present.
Yesterday’s story on Government Finance Officers Association support for proposed legislation to allow member lenders of the Federal Home Loan Banks system to issue letters of credit for small bond deals should have included small government issuers as beneficiaries of the banks’ LOCs.
