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 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.

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

For more information on Bloomberg, please visit

About Bloomberg LINK

Bringing the power of Bloomberg to the executive conference business, Bloomberg LINK produces invitation-only, in-person 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

About Bloomberg

Bloomberg is the world’s most trusted source of information for financial professionals and businesses. Bloomberg combines innovative technology with unmatched analytics, data, news, and display and distribution capabilities, to deliver critical information via the Bloomberg Professional service and multimedia platforms, including Bloomberg Businessweek and Bloomberg Markets magazines. Bloomberg’s media properties span television, radio, digital and print, making up one of the world’s largest news organizations. Headquartered in New York, the company employs more than 12,900 people in 166 locations around the world.

Contact for Bloomberg:

Angela Martin, +1 212-617-1211,