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HomeARS Investor Seeks Help for ‘Theft by Any Other Name’
Posted by Larry Doyle on August 15th, 2011 6:00 AM |
The twists and turns in the ongoing saga of the auction-rate securities nightmare are replete with some of the most gut-wrenching personal stories I have experienced.
Regulators like to trumpet the progress made on cleaning up the ARS mess over the years.
Let’s hold the applause for these regulators because a full three and a half years have passed and approximately $100 billion remains frozen in those ARS which were pitched as cash surrogate, money market equivalent securities.
Over and above the cash, little attention is paid by the media or others to elevate and expose the personal nightmares of those individuals and businesses which continue to hold these frozen ARS. (more…)
