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February 28, 2011

Press Release

U.S. Comptroller General Gene Dodaro, Fmr. Gov. Ed Rendell,
Comeback America Founder David Walker and More, to Examine the
Implications of the Municipal Financial Crisis

NEW YORK — As deficits grow and federal stimulus programs
supporting the municipal bond market dry up, Bloomberg LINK will
gather market experts, public sector leaders and top investors
for the Bloomberg State & Municipal Finance Conference.

The Conference, to be held on Tuesday, March 22, 2011 at
Lighthouse International in New York City, will address whether
there will be a rash of municipal bond defaults this year, the
debate around allowing states to file for bankruptcy, solutions
for stabilizing state deficits and the legacy of the Build
America Bonds. Predictions of mass defaults have led investors
to withdraw billions from U.S. municipal bond mutual funds this
year and have prompted Congress to take a closer look at
potential repercussions for the U.S. economy, making this a
timely issue.

“Municipal bond investors are interested to know how state and
municipal governments will meet their obligations, while closing
the deficit gap,” said Robert Bierman, head of Bloomberg LINK.
“Participants at the Bloomberg State & Municipal Finance
conference will gain insight from the smartest minds on the

To debate these topics, Bloomberg will convene leading experts
on the crisis, including:

– Gene L. Dodaro, Comptroller General of the United States; Head,
U.S. Government Accountability Office (GAO)

– Dominic Frederico, CEO, Assured Guaranty Ltd.

– Peter J. Hayes, Managing Director and Head of Municipal Bonds
Group, BlackRock Inc.

– Stanton Hazelroth, Executive Director, California
Infrastructure and Economic Development Bank (I-Bank)

– Patrick McCoy, Finance Director, Metropolitan Transportation

– Michael T. McRaith, Director, Illinois Department of Insurance

– Ed Rendell, Former Pennsylvania Governor

– David Walker, Founder and CEO, Comeback America Initiative;
Former United States Comptroller General

The conference is being sponsored by Bank of America Merrill

For more information on the program and speakers, please visit: Follow us on Facebook,
LinkedIn and Twitter (@BBGLINK). The hashtag for this event is

For more information on Bloomberg, please visit

About Bloomberg LINK

Bringing the power of Bloomberg to the executive conference
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gatherings that combine world-class editorial programming with
peer-to-peer networking amongst the who’s who in influential
communities. In this environment, participants engage in open
discussions that lead to learning from each other’s expertise
and experience. For more information, please visit

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the company employs more than 12,900 people in 166 locations
around the world.

Contact for Bloomberg:

Angela Martin, +1 212-617-1211,