User 160537

Our Run-In With Auction Rate Securities - And What It Taught Me About Markets

Fred, below is a quote from your article dated March 5, 2008. Late last week was February 28th and 29th. How did you get out of it then? Please, I need to do what you did!! I called my broker Feb 15th to get out of them but could not get a single auction to go through then or since then. What's up with your success????

" But we decided that we should not be taking advantage of a messed up market with cash that we have committed to spend later this year. And so, along with a lot of other "safety first" money, we left the auction rate muni market last week."