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Article: One Year After the Big Freeze, Options Exist for More than $130 Billion Still Frozen in Auction Rate Securities ("ARS").
- Article from:
- Business Wire
- Article date:
- February 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Saber Partners, LLC to Expand Independent Expert Opinion and Advisory Services for Fair, Proactive Solutions
NEW YORK -- This week marks the one year anniversary when over $300 billion "auctions" failed for investors and issuers. Despite a year of frenetic activity, investigations and announcements, comprehensive solutions to the crisis have been difficult to find. Investors are still stuck holding an estimated $135-200 billion in securities for closed-end bond funds, student loan companies, state and local governments and not for profit corporations. Issuers believe they have few options. Brokers are in conflicted position. Litigation is increasing.
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