The article linked below is a great one for all investors.
I was taking the class in NYU about real estate capital markets and the bonds investment grade bonds are selling 550 basis points over treasury. Imagine people looking for borrowing money at this interest rates.
Some one other than the big banks in the wall street is bleeding and some one is making truck loads of money in the market ( other than paulson he only got a 2 billion dollar last year) who has the rest of 190 billion dollars.
A VC: Our Run In With Auction Rates And What It Taught Me About Markets
Our Run In With Auction Rates And What It Taught Me About Markets.