id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1737	Miki, Heita	Live and Let Die: Peeling Back on Municipal Bond Regulation After the 2008 Financial Crisis	2019	50	.pdf	application/pdf	16846	702	50	IV. ANALYSIS OF WHETHER THE POST- FINANCIAL CRISIS REGULATIONS ON MUNICIPAL BONDS MEANINGFULLY CONTRIBUTE TO THE SOUNDNESS OF THE FINANCIAL SYSTEM This section examines whether post-financial crisis rulemaking on municipal bonds will have a meaningful impact in creating a sounder financial system, or if the regulations have made it more difficult for municipalities to 113 See 15 U.S.C. § 78o-11(b)–(c)(1) (2012); Credit Risk Retention, 79 Fed. Municipal bonds are highly liquid, as they are convertible into cash with little or no loss of value during a period of liquidity stress.202 As noted earlier, municipal bonds compare favorably with corporate debt in terms of volatility, trading volume and ability to ascertain prices.203 Additionally, legislative history shows that municipal bonds are treated similarly to GSEs.204	cache/cblr-1737.pdf	txt/cblr-1737.txt