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« Mis-selling and bonus fever | Main | $400 billion? »

Market manipulation in auction rate securities?

We cover the ARS market here - auctions have been failing at unprecedented speed and the SEC is getting involved. Yves Smith suggests that the market has been - and always has been - getting close to the edge of permissible market action...

and quotes an SEC speech from 2006 describing them as "BS securities"!

Posted by Alexander Campbell on February 28, 2008 12:19 PM |

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