Archive for the ‘states’ Category
Tuesday, March 4th, 2008
As the big financial institutions in the U.S. continue to jealously guard what cash they have on hand, we see another shoe drop from the subprime fiasco as another niche credit market locks up (from Bloomberg):
Auction-Rate Bond Failures Approach 70%, Show No Sign of Easing By Michael McDonald ...
Posted in bankruptcy, bond market, bonds, municipalities, states, subprime | No Comments »
Monday, March 3rd, 2008
Fear continues to spread beyond just the subprime issues (from Bloomberg):
Auction Supply `Tsunami' Portends Municipal Losses U.S. states and local governments may extend the worst slump in municipal bonds on record as they replace as much as $166 billion of auction-rate securities. California, Boston's biggest hospital and Duke Energy ...
Posted in bankruptcy, bond market, bonds, municipalities, states, subprime | No Comments »