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Politics in the Zeros

Voting rights, politics, renewable energy, water

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Politics in the Zeros

Voting rights, politics, renewable energy, water

Municipal bond market locking up

  • Bob MorrisBob Morris
  • Sat, Mar 01, 2008
  • Credit crisis

The damage from the frozen auction rate security market is spreading to municipal bonds in general. Hedge funds were borrowing short-term to go long-term and now that short term money is frozen or available. Hello margin calls and forced selling, which of course just speeds up the death spiral.

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Copyright © 2022 Bob Morris