ETNs Fall Under Scrutiny Amid Credit Crisis
October 02, 2008 at 09:00 AM EDT
Exchange traded notes (ETNs) have been under increasing scrutiny with the current market conditions, and the recent sinking of Lehman Brothers had investors scrambling for answers concerning the default debt associated with notes. John Spence for MarketWatch reports that Lehman had three ETNs in existence at the time of the company defaulting on its debt, meaning [...]