Investors with losses in Jefferson County bonds may have recourse. The investments were sold to investors as safe investment grade rated bonds – one of the safest categories of fixed income available for investors to purchase. Investors were told that Jefferson County bonds were insured and only slightly riskier than a investing in a money market fund.
Firms such as JP Morgan, Lehman Brothers, Morgan Keegan and Bank of America solicited thier customers to purchase the bonds which investments may total $3.2 billion.
No comments:
Post a Comment