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?
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....