MuniBuyers.com

RE: $1,750,000,000*
STATE OF CALIFORNIA
TAX EXEMPT GENERAL OBLIGATION BONDS
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS



******************************RETAIL ORDER PERIOD******************************


RETAIL ORDER PERIOD DAY 2 TUESDAY APRIL 9TH UNTIL 3:00PM EDT.

WE WILL BE ACCEPTING ORDERS IN 2021, 2022 AND 2038 AND THE TAXABLES.

(more municipal bond offerings)

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RE: $2,000,000,000*
STATE OF CONNECTICUT
TAXABLE GENERAL OBLIGATION BONDS
(TEACHERS’ RETIREMENT FUND, 2008 SERIES)

WE HAVE A RELEASE FOR DAY 2 OF THE RETAIL ORDER PERIOD UNTIL 4:00PM, EDT, TODAY, TUESDAY, APRIL 8, 2008.

RETAIL ORDERS WILL BE TAKEN UNTIL 4PM EACH DAY DURING THE RETAIL ORDER PERIOD.

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RE: $557,520,000
CITY OF CHICAGO
SECOND LIEN WATER REVENUE PROJECT AND
REFUNDING BONDS, SERIES 2008

**** THIS ISSUE WILL BE IN BOOK ENTRY FORM THROUGH THE FACILITIES OF DTC ****

THIS IS A PRELIMINARY PRICING.

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RE: $616,975,000*
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
SCHOOL FACILITIES CONSTRUCTION BONDS

LADIES AND GENTLEMEN:

WE HAVE RECEIVED THE VERBAL AWARD.


$34,225,000*
J-4

MOODY’S: Aaa/A1 S&P: AAA/AA- FITCH: AAA/A+

FSA Insured

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I don’t know about you, but I’m mad as hell and not going to take it anymore!

As yields have moved higher on long term municipal bonds and are finally attractive for the long term investor, retail investors find themselves unable to participate.

Brokerage firms managing the new issue market continue to pocket, for their own accounts, the most attractive maturities. Then after the deal breaks, they offer them out to their “retail suckers” at a substantial premium.

Look at any recent deal and you’re sure to find this happening time and time again.

Ironically the local municipalities, whom rely on retail participation in their deals, must be approving this action because it never changes.

Maybe it’s time the RETAIL investor totally abandons the municipal market.