Hurricane Sandy has left major challenges for many municipal bond firms to restore full operations. The Financial District of Manhattan was hammered hard by the storm.

There was extensive flooding to downtown and other parts of New York City. All the major subway and car tunnels under the East River were flooded. These are the primary transportation routes from Queens, Brooklyn and Long Island into Manhattan. Subways are expected to be shut for days, though limited bus service could start as soon as Tuesday afternoon.

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