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 topic.”
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 Authority
- 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 Lynch.
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About Bloomberg LINK
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