Howard Cure quoted in the San Francisco Business Times

March 12, 2010

The California fiscal crisis presents a buying opportunity for municipal bond investors, said Howard Cure, director of municipal research at Evercore Wealth Management in a recent article in the San Francisco Business Times.

Cure recommended California bonds from institutions providing essential services and University of California bonds. But he advised investors to side-step bonds from California State University and school districts, which are heavily dependent on Sacramento for financial support.

"California is a role model for how not to manage a large state," Cure said.