{"id":4605,"date":"2008-05-06T20:56:46","date_gmt":"2008-05-06T20:56:46","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/05\/are_investment_banks_taking_th"},"modified":"2022-03-25T15:16:57","modified_gmt":"2022-03-25T20:16:57","slug":"are-investment-banks-taking-th","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/","title":{"rendered":"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis?"},"content":{"rendered":"<p>More than 80 days into the auction-rate securities crisis, about $300 billion<\/p>\n<p>in investor funds continue to remain inaccessible. It is important to note that taxpayers, in addition to investors, are suffering in this frozen market because the municipal issuers (including schools, towns, highway authorities, and other entities) of auction notes are being asked to pay up to help restructure and redeem the debt.<\/p>\n<p>$78 billion in auction-rate securities-many of them involving municipal notes that come with high interest penalty rates-are expected to be redeemed. Investors with remaining issues, however, aren&#8217;t us lucky.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/\"  title=\"Continue Reading Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis?\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. It is important to note that taxpayers, in addition to investors, are suffering in this frozen market because the municipal issuers (including schools, towns, highway authorities, and other entities) of auction notes are being asked to [&hellip;]<\/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-4605","post","type-post","status-publish","format-standard","hentry","category-auction-rate-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis? &#8212; Investor Lawyers Blog &#8212; May 6, 2008<\/title>\n<meta name=\"description\" content=\"More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. It is important to note &#8212; May 6, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis? &#8212; Investor Lawyers Blog &#8212; May 6, 2008\" \/>\n<meta name=\"twitter:description\" content=\"More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. It is important to note &#8212; May 6, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis? &#8212; Investor Lawyers Blog &#8212; May 6, 2008","description":"More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. It is important to note &#8212; May 6, 2008","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/","twitter_card":"summary_large_image","twitter_title":"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis? &#8212; Investor Lawyers Blog &#8212; May 6, 2008","twitter_description":"More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. It is important to note &#8212; May 6, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis?","datePublished":"2008-05-06T20:56:46+00:00","dateModified":"2022-03-25T20:16:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/"},"wordCount":391,"articleSection":["Auction-Rate Securities"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/","url":"https:\/\/www.investorlawyers.com\/blog\/are-investment-banks-taking-th\/","name":"Are Investment Banks Taking the Necessary Steps to End the Auction-Rate Securities Crisis? &#8212; Investor Lawyers Blog &#8212; May 6, 2008","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2008-05-06T20:56:46+00:00","dateModified":"2022-03-25T20:16:57+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"More than 80 days into the auction-rate securities crisis, about $300 billion in investor funds continue to remain inaccessible. 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