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ARPS

Cal

Well-known member
Auction Rate Securities, supposedly still aaa rated :???: , still paying interest, but have lost their liquidity. Anyone following this and any logical thoughts to how this will turn out?

http://www.auctionratepreferreds.org/
 
A

Anonymous

Guest
Looks like one big CROOKED mess...

Those in the know are saying there is a whole bunch more fraud, corruption and bankruptcies to be revealed before this lending scandal will all be over...

I know that many of these citys, countys, schools, etc. that are trying to finance long term building projects can't get anyone to buy their bonds- which is putting everything at a standstill.... :(
 
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