21.   For Lazard, which got out of municipal finance shortly after the government settlement in October, most of the damage has already been done.

22.   For the last several years, the SEC has been spearheading efforts to clean up municipal finance.

23.   Former Smith Barney municipal finance banker Michael Lissack had requested on Monday that the process be moved.

24.   For years, municipal finance has been considered a backwater of Wall Street.

25.   Former partner Mark Ferber was convicted last year of defrauding municipal finance clients.

26.   Fortunately, most municipal finance officers are conservative investors.

27.   Haphazard or inadequate financial reporting systems at City Hall made those problems worse, according to the bond-rating agencies that follow municipal finances.

28.   He says he guided municipal finances through a difficult period of retrenchment without harming essential services or laying off city workers.

29.   Hevesi sent an open letter to the president signed by four other municipal finance officials, demanding an apology.

30.   However, Orange County Treasurer Robert Citron was known as an aggressive investor who used strategies not used by most municipal finance officers.