Georgetown'​s The Hoya says "​University Fails to Sell Bonds". The article identifies a couple recent issuers and dealers which experienced failed auctions on their auction-​rate security (​ARS) issuance. "Georgetown relied on the financial firm Lehman Brothers" to manage its debt. The failure was $​100 million, but Georgetown has issued $​550 million in the "​variable rate auction market". "Reuters reported that Clark County, Nev., another Lehman Brothers client, also failed to auction off its bonds," said the piece. CNBC also recently discussed the ARS issue.

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