there is no upside: my rates have NOT reset to a much higher interest

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Reader comment on:
Investors Caught in 'Wonderland'
in response to reader comment: There is an up side

Submitted by jessica robinson, Feb 28, 2008 09:48

the LIPA muni 7-day roll-over is fixed at 3.8 (something like that). It cannot go up. I am just trapped! The other two are corp. with slightly higher rates, something like 6.2 but taxable. NO bright lights Just lawyers

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Other reader comments on this article

Comment	By	Date
I am in the same boat as Christine Gray. I was sold the same bill of goods: safety. Since mine... [MORE]	JR	Feb 26, 2008 23:17
When the auction fails the bond gets reset to a much higher rate of return. So although you lose your... [MORE]	JM	Feb 27, 2008 18:06
the LIPA muni 7-day roll-over is fixed at 3.8 (something like that). It cannot go up. I am just trapped!...	jessica robinson	Feb 28, 2008 09:48
a scam. merrill conspired with eaton vance. ml was underwriter. limited max penalty to 3.99! ml made a killing selling, and now... [MORE]	mwinog2777	Mar 14, 2008 21:16
After the losses around the year 2000 taken by clients of the likes of Merrill, Morgan Stanley, et. al., it... [MORE]	Kim Schnabel	Feb 26, 2008 11:52