Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
A large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest
rates to virtually nothing.
Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their
investment portfolios and are trying to save cash any way they can.
The debt strategy Gov. Mitch Daniels’ top financial officials developed to save the state money on major projects like
Lucas Oil Stadium has turned sour.