Relevant:
- Auction Supply `Tsunami' Foreshadows Deeper Municipal Losses
- Primary Dealers Rigged Treasury Auctions, Says Lawsuit Based on Star Market-Manipulation Researcher
- Munis Will Be Bailed Out Or Ins. System Will Collapse
- China, ECB Gov't Bond Auctions Fail; Chinese Interbank Lending Rate Hits 5.67% vs. 3.68% Gov't Bills; ECB Monetizes Bond Purchases; Gold, Silver Soar
- New York Localities Lead Municipal Market With Bond Auctions
2008-02-13 — blogspot.com
'Those who think the Fed is pouring on the liquidity spigot need to think again. 100 failed municipal auctions in a single day is proof enough. As the Credit Default Swap Tsunami Approaches, the "beginning of the end of the auction-rate market" is now underway.'
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