Results tagged “Apollo” from Dealbreaker
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Auction-Rate Market Winners And Losers
As Credit Market Woes And Accounting Changes Drove Buyers Away, Some Firms Got Stuck Holding The Bag
Posted in Auction Failure, Auction Rate Securities, Feb 21, 2008, 1:21pm
Posted by John Carney
Earlier this morning we discussed how changes in the way accounting rules treated auction-rate securities helped drive corporate investors out of the market. (For a rousing debate of exactly which accounting changes stamped out demand, click here.) Credit market concerns...