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Regional News
California Superintendent Joins CAB Battle
by: Randall Jensen
Friday, January 18, 2013
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California's Department of Education head Tom Torlakson joined Treasurer Bill Lockyer in a fight to curb the sale of high-cost capital appreciation bonds, calling for a moratorium.

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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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