Global Conference 2011

The $2.9 trillion muni bond market has long been considered a safe haven for steady-as-she-goes fixed-income investors, but today it's clouded by a real sense of uncertainty. It's no secret that cities, counties and states across the U.S. are deep in the red. Some observers have made headlines by predicting a massive wave of municipal defaults; others say that yes, a handful of defaults may be inevitable, but they will be limited in scope and impact. Mom-and-pop investors have been spooked, but are the pessimists' fears overblown? Is the market stabilizing? Has this flurry of alarmist talk actually created some remarkable bargains? Is the Fed about to make a move that would change the equation?

Moderator

Jeffrey Werbalowsky

Co-CEO, Houlihan Lokey

Speakers

Orin Kramer

General Partner, Boston Provident LP

Marc Levinson

Partner, Orrick, Herrington & Sutcliffe LLP

William Roberti

Managing Director, Municipal Restructuring, Alvarez & Marsal

Mark Ryan

Managing Director, Municipal Securities Division, Citigroup


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