TITLE

Schools Turning to 'Sure Bets' In Wake of Business Failures

AUTHOR(S)
J. R. S.
PUB. DATE
May 1985
SOURCE
Education Week;5/15/1985, Vol. 4 Issue 34, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of conservative investment policies in particular repurchase agreements by school districts in New York. Some school districts that invested in repurchase agreements miscarried to take possession of the collateral. The investment advisers said that repurchase agreements are almost secure as a guaranteed loan which allows the lender to acquire possession of the securities as collateral.
ACCESSION #
20866930

 

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