1.0 link 120796 <![CDATA[The Auction Rate Securities Settlements: An Illusion of Regulation]]> http://www.huffingtonpost.com/dan-solin/the-auction-rate-securiti_b_120796.html Merrill Lynch proclaims that it "...demonstrates its commitments to clients and shareholders through the firm's emphasis on excellence, integrity and ethical behavior."

This week it joined a who's who list of its prestigious brethren in agreeing to buy back auction rate securities it sold to its retail clients. The settling firms now include Citigroup, JP Morgan Chase, Morgan Stanley, UBS, Wachovia, Goldman Sachs and Deutsche Bank, all of whom profess to greatly value their relationship with the clients they...

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