“If you are an investor in municipals you should be very, very careful,” Dimon said at the conference.

via <a href="http://www.bloomberg.com/news/2011-01-12/jpmorgan-s-dimon-says-he-expects-more-municipal-bankruptcies.html">JPMorgan's CEO Dimon Says More U.S. Municipalities May File for Bankruptcy - Bloomberg</a>.