Alejandro Rogers Bozzolo

Recent Comments

  1. 1
    Posted 2008-07-10 13:44:32 on Auction Rate Insecurity: Investors Had Too Much Confidence In Wall Street

    Most of these Auction Rate Securities were AAA rating and tax exempt and thus liquid at that moment. I mean, even the Treasury bond market could theoretically dry up if no one is willing to trade bonds anymore. If that happens you would be stuck with your 10 year bond and it would become pretty illiquid! But it is widely accepted that T-Bonds are like cash instrument, and they are sold that way. Does that make the broker a liar?