Twenty-five institutions agree to a $33 million bond exchange as the government defaults on $422 million in other bonds.
A lawyer for 25 island cooperativas alleges their regulator threatened punitive taxation if they didn’t buy government bonds.
While all comments regarding the proposed rule support securitization authority, most also say the NCUA is too restrictive.
Fidelity Investments on Wednesday confirmed an NPR report that the investment giant was no longer holding U.S. Treasury notes that mature in October.
This Opinion piece warns to get ready to avoid the damage many credit unions would sustain should bond values swoon.