http://www.newsinferno.com/archives/6730 Let The Truth Be Told Thu, 19 Nov 2009 17:39:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.newsinferno.com/archives/6730/comment-page-1#comment-7222 EddieD Tue, 09 Jun 2009 15:50:43 +0000 http://www.newsinferno.com/?p=6730#comment-7222 The auction rate securities market didn't just collapse, it was a premeditated collapse orchestrated by Bank of America and most of the other large banks. They all walked away from the market on Feb. 14, 2008. This is called collusion. Also isn't it a little bizarre that auction rate securities victims in California will get 100% of their money returned by Bank of America and their neighbors, also BOA victims living a block away from them on the other side of the boarder in Nevada will get nothing and have no hope over ever seeing their money again because their AG is not interested in their situation. They are victims of the same crime. This crime was committed interstate. Where are the Federal Regulators? Is BOA guilty in one state and not guilty in another? This is truly a sad state of affairs. The auction rate securities market didn’t just collapse, it was a premeditated collapse orchestrated by Bank of America and most of the other large banks. They all walked away from the market on Feb. 14, 2008. This is called collusion. Also isn’t it a little bizarre that auction rate securities victims in California will get 100% of their money returned by Bank of America and their neighbors, also BOA victims living a block away from them on the other side of the boarder in Nevada will get nothing and have no hope over ever seeing their money again because their AG is not interested in their situation. They are victims of the same crime. This crime was committed interstate. Where are the Federal Regulators? Is BOA guilty in one state and not guilty in another? This is truly a sad state of affairs.

]]> http://www.newsinferno.com/archives/6730/comment-page-1#comment-7223 Rock Artster Tue, 09 Jun 2009 15:36:34 +0000 http://www.newsinferno.com/?p=6730#comment-7223 Good coverage, thanks. Are you aware that Wells Fargo is one of the last major banks still holding out with respect to billions of dollars of auction rate securities (ARS) they sold to customers that are now "frozen" and cannot be redeemed? The Evergreen settlement pales by comparison. Wells Fargo is under investigation for the ARS scandal by several state attorney generals and has been sued by the State of California (among others). Wells positioned ARS as safe, highly liquid investments when in fact they were anything but. Check it out. Good coverage, thanks. Are you aware that Wells Fargo is one of the last major banks still holding out with respect to billions of dollars of auction rate securities (ARS) they sold to customers that are now “frozen” and cannot be redeemed? The Evergreen settlement pales by comparison. Wells Fargo is under investigation for the ARS scandal by several state attorney generals and has been sued by the State of California (among others). Wells positioned ARS as safe, highly liquid investments when in fact they were anything but. Check it out.

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