Florida Schools, California Convert Auction-Rate Debt By Jeremy R. Cooke Feb. 22 (Bloomberg) — California, Florida schools and the operator of John F. Kennedy International Airport joined a growing list of municipal borrowers exiting the U.S. auction- rate bond market as record failures push taxpayer costs higher. Thousands of auctions run by banks to set [...]
Filed under: 35 days, AAA rating, ars, auction rate, auction-rate market, auctions, bonds, california, closed-end mutual funds, commercial paper, common shares, equivalent of cash, failed auction, Failed Auctions, failing, Federal Reserve, florida, hedge fund failure, hort-term investments, investors, J. P. Morgan, Money-market funds, municipal, municipalities, nj, ny, open-end mutual funds, paper, Port Authority, Regulators, structure obligations, subprime mortgage crisis, subprime-bond, Uncategorized, writedowns | Tagged: ars, auction rate, auction rate debt, bonds, california, florida, municipals, Port Authority | Leave a Comment »
