Frank J. Fabozzi

The Handbook of Municipal Bonds that was published back in 2008.

I think it was Fabozzi that was one of the editors and there were a few, there were a lot of sector specific write-ups from folks who were in the municipal bond market at the time.

You know, Joe Misak's Encyclopedia of Municipal Bonds and then Misak's The other book that he wrote, I want to say in 98 or 99, The Handbook for Bond Issuers, that was a little bit more issuer focused, which I think Yours is probably a little more like that.

It's a little bit of a combination of all of them, but I think that this is a little bit more of a handbook for debt managers.

So I want to thank you for that.

I don't know that it would have gotten as far as it has without the encouragement of you in particular and a lot of folks like you.

And it's really flattering to be mentioned in the same sentence with names like Frank Fabozzi and uh and joe mysac and all the others that that you mentioned and i hope that the book can play a similar kind of role in in bringing people into the business or providing people who are new to the business the sort of foundation that they need to be able to to be really effective but yeah that was that was fundamentally the goal the idea was to say i wanted to provide a kind of a soup to nuts look at the market from the issuers perspective and i think that's the thing that's maybe a little bit different about this book compared to all the others is it really grounds the entire discussion in the issuer's experience.

And it's meant to be a handbook, as you mentioned, meant to be very applied.

The interesting thing is that the next President of the United States will likely have a mandate for big changes.

Maybe it's just as well that Fabozzi and Al are slow to do a second edition of their book because if they got it out this year, it would be a bad year to get it out because everything is changing.

I studied the Paulson proposal carefully since I'm writing a New York Times column about it, which will appear Sunday.

Reading the various commentaries about the proposal, I had the impression that not many of them are thinking very deeply about it.

So we have these wrinkles.

We don't have the textbooks yet, right? Equities have got their securities analysis textbook and fixed incomes got their fixed income handbook by Frank Fabozzi.

We don't have that book yet, but we can borrow so much from traditional finance and then work on those wrinkles.

That's a very good point, Jason.