Does Anybody Really Know What’s Going On? Or Credit Crisis Part II

Today’s Wall Street Journal carried a very sad story on its front page. After successfully selling their family’s port terminal business, the Maher brothers fully cognizant of the risks and problems of the credit markets asked Lehman Brothers to invest a substantial portion in conservative cash-like investments. Lehman invested the funds in auction-rate securities and unfortunately the market for these securities has dried up due to credit risk fears leaving the brothers with a potential $286 million loss.

This is only an excerpt of Does Anybody Really Know What’s Going On? Or Credit Crisis Part II

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