before MF Global there was the ARS scandal

Discussion in 'Wall St. News' started by stock777, Jan 18, 2012.

  1. Remember that? 2008? shtf? ARS , auction rate securities, heretofore liquid, now turds?

    Well, some got lucky and got bought out at par long ago, some got ripped off by the closed end mgmt co's that issued the bonds to finance their leverage, and some sold in the third mkt at losses.

    Good news for some. Etrade has bent over and agreed to make whole anyone that bought one of these manipulated frauds from them

    I figured it would take years to get action on this most MF Global like fiasco.
  2. wow, not one comment from the heathens.

    guess none of you paper traders had 25k or more to invest in these things.
  3. I bet you cry yourself to sleep at night.