swaptions

Smart, informed, curious, hardworking, fearless, a good speaker and a quick writer, Mary Z Connaughton is the kind of board member every public toll authority could use. An accounting teacher, she is also a partner in a business development firm. Here's her explanation of how the Massachusetts Turnpike got into a financial mess with "swaptions" - an edited version of a piece she did for a blog at the Boston Herald - full version here: