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Articles for March 12, 2008:
 Umbaugh's News  
Updates on the Municipal Bond Insurance Crisis  

The news reports of the municipal bond insurance crisis has died down in these last few weeks but we continue to monitor the decision making of the ratings agencies. A negative outlook can extend for as long as a two-year period, giving the insurers' time to adjust, however, a credit watch will be reviewed in three months. Here is an outline or activity since our last update.

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The Role of Your Professional Team  

When planning a construction project involving the issuance of bonds, the roles of a financial advisor, bond counsel and an underwriter can be confusing. The following descriptions clarify the role of each professional, but are not an all-inclusive list of responsibilities or services.

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