The sub-prime mess is not over. The companies that insure municipal bonds are in trouble themselves. If they cannot cover the bonds that they insure, the ratings on the bonds drop from AAA to B or lower, changing the value of these bonds. That could shake the financial markets yet again. If you hold insured municipal bonds, you will want to review your holdings to see if any of the companies insuring those bonds are at risk. Let us know if you need our input on the review.