Saturday, March 29, 2008

UBS, You Are Pissed At Us

That's a line from a recent auction rate securities article at Registered Rep Magazine. It seems that UBS is marking down the value of auction-rate securities held by individuals in their brokerage accounts. The markdowns are expected to be between 2 percent and 20 percent of the value of the securities.

More Trouble In Auction-Rate Securities Land
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