Understanding the auction rate bond debacle: What happened and what are you doing about it?
Consider the following: AAA rated securities bearing interest rates at 20%? Tax-exempt interest rates trading above U.S. Treasuries? CEOs, CFOs, and others are scrambling to understand and describe the auction rate debacle in "plain English" to their boards, the press, regulators, and third parties. This teleconference will explain the situation to non-experts, suggesting what may happen in the capital markets over the next few months, and discussing what tax-exempt borrowers can or should be doing about it. Please join us for a one hour teleconference with a Q&A session designed to increase your confidence in communicating this complicated topic.