{"id":4572,"date":"2008-02-25T19:18:37","date_gmt":"2008-02-25T19:18:37","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/02\/how_wall_street_firms_convince"},"modified":"2021-09-20T15:40:53","modified_gmt":"2021-09-20T20:40:53","slug":"how-wall-street-firms-convince","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/how-wall-street-firms-convince\/","title":{"rendered":"How Wall Street Firms Convinced Investors to Put Billions into ARS and ARP Securities Just Before the Auctions \u201cFailed\u201d"},"content":{"rendered":"

\t\t\t\tAn SSE Exclusive: Provided below is a link to a comprehensive expose explaining how Wall Street firms and banks may have convinced investors it was safe to place over $300 billion into “auction rate securities” by promising that these were safe and liquid investments.<\/p>\n

During the week of February 11, 2008 the $330 billion market for “Auction Rate Securities” market virtually collapsed overnight as the liquidity of many of these investments disappeared and their safety was reportedly in jeopardy. What had been described to many as safe AAA credits, comparable to money market funds, were instead exposed in a nightmare for investors. <\/p>\n

The article states that the result was “mass confusion” which caused by one of the most “convoluted structures ever devised by Wall Street.” The writer, who demonstrates special insight into the situation but desires to remain anonymous, laments that since the problem emerged “[e]veryone has a piece of the puzzle but no one to date put it together in one document.” The article is a MUST READ for all those seeking to understand the nature of this problem, including investors, law enforcement, regulators, attorneys and journalists. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

An SSE Exclusive: Provided below is a link to a comprehensive expose explaining how Wall Street firms and banks may have convinced investors it was safe to place over $300 billion into “auction rate securities” by promising that these were safe and liquid investments. During the week of February 11, 2008 the $330 billion market […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3865],"tags":[],"class_list":["post-4572","post","type-post","status-publish","format-standard","hentry","category-auction-rate-securities"],"yoast_head":"\nHow Wall Street Firms Convinced Investors to Put Billions into ARS and ARP Securities Just Before the Auctions \u201cFailed\u201d — Investor Lawyers Blog — February 25, 2008<\/title>\n<meta name=\"description\" content=\"An SSE Exclusive: Provided below is a link to a comprehensive expose explaining how Wall Street firms and banks may have convinced investors it was safe — February 25, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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