August 21, 2008
As a private citizen trying to save for retirement, in part by investing in municipal bonds, I believe the public is entitled to the same full disclosure about municipal bond issues and issuers as it is about securities issued by the private sector and the corporations that issue them. That this is not, in fact, the case is truly astonishing, a gaping loophole large enough to drive a truck through. What is worse is that this lack of transparency affects not only bond buyers but taxpayers, many of whom are one and the same. This is long overdue, but good for you for tackling this problem now.