We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Worst of both worlds

13 February 2008

When most investments blow up, it s the buyer that suffers. Auction rate notes are an unwelcome innovation. They hurt issuers too. After performing pretty well for two decades, Wall Street s liquidity vacuum has exposed this $330bn market s Achilles’ heel.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)