The Morning Report
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Morning Report: SANDAG Big Interest-Rate Bets

SANDAG bet against big, experienced banks like Goldman Sachs and are, so far, losing the bet leaving taxpayers are on the hook for millions. Voice of San Diego’s Andrew Keatts and Ashly McGlone explain how the regional transportation agency bought into an investment called interest-rate swaps. The agency essentially bet that interest rates would rise. Interest rates did not […]