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Auction rate securities - latest

As anticipated, JP Morgan and Morgan Stanley have also settled - par buybacks and a total of $60 million in fines.
Here's Andrew Cuomo's statement. And here, sent over by Restricted Stock Partners in the US (thanks for that) is a table summing up all the settlements so far.

And an interesting item from the FT - Merrill Lynch could be dodging UK tax for the next 60 years after funnelling all its CDO losses through its London office.

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