If you are curious to know more about the headlines regarding losses on auction rate securities, here is a new lawsuit filed against UBS that outlines some of the background and issues.
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For a sense of investor’s surprise, see our latest top pick:
A False Sense of Security
At RegisteredRep.com and prior blog entries on the Maher Brothers’ losses:
Maher Brothers Make $1.1 Billion Claim Against Lehman
American Shipper
Lehman Brothers Recent Stock Price
Yahoo Finance