Michael Stanton

Rhode Island General Treasurer Gina Raimondo has been named by Northeast Women in Public Finance as the winner of the group's annual Freda Johnson Award.

Connecticut Treasurer Denise Nappier has been selected by Northeast Women in Public Finance as the first winner of its Freda Johnson Award, recognizing her years of service as a trailblazing woman in public finance and efforts to encourage the development of women's careers in the industry.

In the wake of the near-meltdown of the global financial markets, it can be tempting to conclude that the losses faced by municipal issuers and investors in recent years were unavoidable. In a maelstrom, all ships are at risk.