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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.
November 17, 2008 in News Stories | Permalink
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