Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, November 17, 2008

Taxpayers' Funds to Buy Back ADRs?

Talk about chutzpah -- according to the Investment News, FINRA has asked Treasury to advance funds from the $700 billion TARP to help broker-dealers re-purchase illiquid auction rate securities from clients. (Tip of the hat to Jill Gross, for calling this to my attention).  InvNews, Small firms caught in ARS buyback vise.

http://lawprofessors.typepad.com/securities/2008/11/taxpayers-funds.html

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