Merrill Lynch, UBS, Citigroup, Morgan Stanely, J.P. Morgan Chase, and Wachovia Auction-rate securities

by Justin Knapp | Aug 14, 2008 | Companies

James B. Stewart writes in the WSJ about how banks were selling off there own interests in auction-rate securities as they were still peddling them to clients. It is a pessimistic but good story. Auction-Rate Securities And the Ugly Truth