The report devotes most of its attention to the relative lack of information that is available to investors about the municipal bonds they are buying. This has made it harder for investors to evaluate the prices, and easier for financial companies to overcharge municipalities when helping them issue bonds, according to the report.
I has assumed that this was already being done because I've internalized some of the massive amount of pro-market propaganda.
Also too, unaccountable program trading is still a threat to the stock markets:
Flood of Errant Trades Is a Black Eye for Wall Street
By NATHANIEL POPPER
Published: August 1, 2012
NY Times
An automated stock trading program suddenly flooded the market with millions of trades Wednesday morning, spreading turmoil across Wall Street and drawing renewed attention to the fragility and instability of the nation’s stock markets.
The errant trades began hitting exchanges almost as soon as the opening bell rang and came from a single New Jersey broker that specializes in computer-driven trading, the Knight Capital Group.
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