PhillyDeals: Biggest winner in crisis explains
Philadelphia Inquirer (Free subscription) | 09/28/2008
... "It was eerie, standing at our fixed-income desk today. Nobody was willing to place any bids," Gus Sauter, chief investment officer of the Vanguard Group Inc., told those gathered at the Convention Center late Friday for a meeting of the Chartered Financial Analysts of Philadelphia."We're afraid to take in commercial paper," which big companies sell to raise short-term cash. "We don't know...
