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RAIT Financial Trust Message Board

  • yankeeboy4748 yankeeboy4748 Jun 24, 2013 7:24 PM Flag

    Liquidity problems

    Even firms such as Fidelity have dropped their bids to no bid on many bonds. Today I spent a couple of hours selling out of 2 bonds, IBM and Archer Daniels.I bought them in the 2009 fiasco and wanted to preserve profits. They were both down about 6 % from where they were a few weeks ago. It took a couple of hours just to get a bid. I had a 3rd bond I wanted to sell and Fidelity would not put up a bid all day!!!! Since a firm sells bonds, the SEC should force them to at least put up a reasonable bid.

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