Editor’s Note
National Federation of Municipal Analysts 2007 Annual Conference
W. Bartley Hildreth

The Graying of America and Our Fiscal Dilemma
Laurence J. Kotlikoff

Bursting at the Seams:
The Challenges of Managing Change
Scott Thompson

Will a Drop in the Housing Market Sink the Economy:
The Case of California
Lawrence E. Stone

Asset Liability Management:
Managing Swaps
Robert Lamb

Municipal Market Roundtable:
Current Issues in the Municipal Bond Market
Martha Mahan Haines

Municipal Securities Law and Disclosure Developments:
Expansion and a Market in Flux: Part 2
Robert W. Doty