You have failed me for the last time, Auction Rate Municipals!

I’ve received several e-mails in the last couple days about municipal auction rate securities, after auction failures in both Nevada and Georgetown University. The e-mails ask three important questions.1) What the hell is an auction rate security?2) Why the hell are the auctions failing?3…
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  5 Febrero, 2008| Economy | @ 22:15

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