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Auction-Rate Anxiety

March 5, 2008 RSS Feed Print

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Fred Wilson, a well-known blogger and New York venture capitalist, has a great post today about his hair-raising personal experience with the auction-rate securities that have market watchers on edge at the moment. It's a cautionary tale that really drives home how the ongoing mess in the credit markets is shaking up even the safest investments.

Tags:: bonds,; investing

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I agree with Fred.

Tim Gadd of 3:53PM March 05, 2008

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Katy Marquardt came to U.S. News from Kiplinger's Personal Finance magazine, where she profiled rising stars in the mutual-fund world and wrote about investing in stocks and racehorses. Katy hails from Abilene, Texas, and graduated from the University of Texas-Austin.

Kirk Shinkle is a senior editor at U.S. News. Formerly, he covered business and economics on both coasts for Investor's Business Daily. A native of the Montana-Texas corridor, he currently resides in the wilds of west Brooklyn. His checkered online evolution looks like this: Friendster, still (!). MySpace, no. Facebook, yes. He blogs here, Twitters occasionally, and has yet to Tumblr.

Auction-Rate Anxiety

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