Regulatory Protection and Public Trust. Time for Change?
Tags: Bear Stearns + Bonds + FINRA + Interest Rates + investing + SEC
US Financial companies (banks and brokers) continue to take write-offs for bad and risky loans. Exacerbating the credit crisis is the new, illiquidity of Auction Rate Securities (ARS)– fixed income securities issued by companies, municipalities, schools and hospitals with long term maturities that have variable interest rates that are typically reset every 7 - 35 days. Now […]
April 17, 2008 - Markets - 0 Comments
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