Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

I doubt liquidity will be restored to term auction securities for a long time.  Basically people have been using that to increase yields for short term money yet the terms are long term.  So, if you need to sell it short term you are stuck with what ever you can get.

I started looking at these things just before they froze and my thoughts were that it was nuts buying long term debt for a short hold, and highly risky.  I was truly surprise that the market had gone to just accepting this as everyday.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.