BondGuy

Auction-Rate Securities, RIP?

Agree with stockbrokerfraud.com. This has been truly appalling behavior that does huge damage to investor confidence not only in these notes, not only in munis, but in all aspects of financial markets. It's obvious that retail investors assume the same decency in others that they have in their normal, everyday dealings with others. Now they have learned this is not reciprocated by the financial industry, which will damage confidence in the entire private investment system.