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Auction Rate Securities

Oppenheimer Loses First Auction Rate Securities Case

Phil Trupp | Posted 05.25.2011 | Business
Phil Trupp

After beating back several class-action cases involving auction-rate securities, an arbitration panel has ordered Oppenheimer & Co. to repurchase $650,000 from a Connecticut couple.

Merrill, Credit Suisse Settle With NY State, Buy Back $61B in Auction-Rate Debt

Reuters | Posted 05.25.2011 | Business

NEW YORK, July 7 (Reuters) - New York Attorney General Andrew Cuomo announced final settlements with Credit Suisse Securities LLC and Merrill Lynch &...

Surprisingly, U.S. Debt Attracts Many Buyers

salon.com | Andrew Leonard | Posted 05.25.2011 | Business

Last week, in three separate auctions, the U.S. Treasury offered up more government debt for sale than ever before -- $104 billion dollars worth of no...

Taxpayer Money: Banks Take $211 Million In Fees For Bond Auctions That Never Happened

Bloomberg | Darrell Preston | Posted 05.25.2011 | Business

March 10 (Bloomberg) -- From Carnegie Hall in New York to the Los Angeles bus and subway system, American taxpayers are paying investment banks millio...

Eric Butler, Julian Tzolov Accused Of Securities Fraud, Tzolov Flees Country

New York Times | Jenny Anderson | Posted 05.25.2011 | Business

The broker said the securities were as safe as cash. After all, he claimed, the outfit that issued them, Glacier Education Loan, bought student loans ...

Merrill Lynch Will Buy Back Auction-Rate Securities, Dodge Lawsuit

Posted 05.25.2011 | Business

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Peace Talks: New York Attorney General Cuomo, Merrill Lynch CEO Thain Talk Settlement

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — New York Attorney General Andrew Cuomo has been in all-day meetings with Merrill Lynch & Co. Chief Executive John Thain regarding a l...

The Auction Rate Bonds Mess: To the Depths of Depravity and Beyond!

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

There is a fine line that separates the admirable quality of forgiveness from the sad one of being a sucker. When you consider doing business with securities firms, you need to decide which side of that line you are on.

It's Time To Re-regulate Business

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

As the credit crunch plays out, one central theme is becoming very obvious: deregulation has gone way too far.

Wall Street Banks Brace For More Multibillion-Dollar Losses

New York Times | Jenny Anderson | Posted 05.25.2011 | Business

Wall Street banks are bracing for another wave of multibillion-dollar losses as the crisis that began with subprime mortgages spreads through the cred...