Bond Dealers Association To Defend Tax-Exemption for Municipal Bonds

The Bond Dealers of America believes strongly in the health of the municipal bond market and is concerned about the effect on municipal finance of exaggerated statements about State and local fiscal problems. The BDA has issued statements on the state of the municipal market, published op-eds and comments, been interviewed in the press and is organizing a speakers’ bureau to respond to the need for facts.  Additionally, the BDA expects to place targeted advertising in key regional papers.  We have also briefed congressional staff, in both the House and the Senate, on conditions in the municipal market. The BDA and its members will do everything we can to correct misperceptions and misstatements about the municipal market and to provide accurate information to the public about this critical financial sector.

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