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See Auction Rate Securities (ARS), Action-Rate Shares (ARS), Auction-Rate Preferred Stock (ARPS), Auction-Rate Preferred Shares (ARPS), Auction-Rate Preferred Securities (ARPS).
Harry Newton has excellent coverage of the Auction-Rate Securities (ARS) disaster on his web site, www.AuctionRatePreferreds.org, including background, news, resources, and names of real live people to contact about problems people are having with these securities which were improperly marketed as being "just as good (and liquid) as cash."
-- Jack Krupansky
Updated: April 15, 2008 06:45:53 PM -0400
Copyright © 2008 John W. Krupansky d/b/a Base Technology