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Michigan Gov. Snyder: Overturn of EM Law Could Mean Muni Bankruptcies
by: Caitlin Devitt
Wednesday, November 7, 2012
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Voters Tuesday repealed Michigan's controversial new law for fiscally stressed local governments, a move that Gov. Rick Snyder warned could lead to some municipalities declaring bankruptcy.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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