The Securities Industry and Financial Markets Association (SIFMA) held a conference on June 8 to address a number of important issues facing the municipal bond industry. SIFMA’s President and CEO Timothy Ryan made opening remarks regarding the challenges facing municipal bond issuers and was followed by a number of other speakers. Read this article for more details.
Fortune Magazine recently published an article outlining New Jersey’s pension dilemma. Based on the information in this article, it appears that New Jersey could very well be the canary in the coalmine when it comes to the widespread pension crises that threaten to impact states and municipalities throughout the country. Let’s take a look at New Jersey’s situation and the broader implications for taxpayers, bondholders, and retirees.