The profit margin for an underwriter arranging a municipal bond issue is razor-thin, about a quarter of a percent, according to Thomson Financial.

FORBES: Party's Over

One of the consultants who prepared the parking revenue forecasts for the bond issue is being sued by purchasers of another municipal bond issue for inflating potential stadium revenues in a deal that was initially highly rated but now has fallen to junk status.

FORBES: A Critical Battle Over The Sports Economics Model

Larry Bell: Maria, over the course of our conversations, you have shared some very sobering realities and informative insights warranting serious consideration in bond issue voting, municipal investments, and retirement planning decisions.

FORBES: Cook County, Illinois Treasurer Warns U.S. Homeowners And Retirees Of Local Debt Hazards

Municipal bond investors take heed: The Supreme Court is considering an issue that could roil the market.

FORBES: Magazine Article

Once a municipal bond is refinanced, (prerefunded) the issuer uses the proceeds of the new issue and purchases US Treasury securities (collateral) that are used to pay the interest and principal on the original, more expensive debt until maturity or the call date, whichever the escrow agreement states.

FORBES: Pre-Refunded Munis Are A Bargain