Sentences with phrase «chose auction rate»

But most of the assets that were harmed were owned by corporations, who had investment professionals that chose auction rate preferred securities because they yielded significantly more than money market funds, but with seemingly little risk, and the system worked for around 20 years.

Not exact matches

Some are where the highest bidder wins and some are where you bid down the interest rate owed, so be sure and know what the rules are of an auction if you are choosing to partake.