As the financial crisis enters its sixth year we find municipalities and their bonds increasingly in the news.  Municipal woes appear to be on the rise.  Therefore it is important to realize how unique each municipality is as well as how unique all of their municipal bonds can truly be.  There is no such thing as a generic municipality nor is there any such thing as a generic municipal bond.  Every municipality is different.  Every municipal bond is different and therein lies the opportunity for you, the municipal bond investor.

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