Auction-rate securities are a mess. Those backed by education loans are even worse. Is there a way out?

Investors Sit and Wait For Light At End of Auction-Rate Tunnel April 7th, 2008 by Phil Aidikoff The collapse of the auction-rate securities market has shown thousands of investors that nothing hurts like a broken promise. On the advice of their brokers,

The ‘Expendable’ Investors of Auction-Rate Securities April 7th, ... for the majority of investment firms today. That makes it all the more ironic for Wall Street to turn

The current financial crisis in US financial system is turning into ugly situation where there are runs everywhere, from runs in Auction rate bond to run in Hedge funds and now bank run occurred in Bear Stearns. At this period of liquidity crisis, the only way to get out of the crisis is confidence but well,

Venture Beat has even more bad news: word that Comerica has frozen money market accounts. They contacted Comerica, who didn't deny the story, but pointed back to the New York Times article about the auction-rate securities, ...