Auction-rate fireworks: Ooh, aah, ouch

Journal Article

Abstract: Once a useful and sophisticated tool for cheap financing, issuers discover the dark side of more exotic bonds.

Keywords: Municipal bonds; Federal Reserve District, 9th; Municipal finance;

Access Documents

File(s): http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4082

Provider: Federal Reserve Bank of Minneapolis

Part of Series: Fedgazette

Publication Date: 2008

Volume: 20

Issue: Nov

Pages: 7-8