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2008-08-12 — cnbc.com
Some big Wall Street banks may have been premature in believing New York State's investigation into auction-rate securities was over, people inside New York Attorney General Andrew Cuomo's office told CNBC. In fact, the investigation is continuing and includes firms like JP Morgan Chase, Goldman Sachs, and Lehman Brothers, these people say. ... Specifically, he says that neither addresses the issue of damages—or making people whole who already sold their auction rate securities at less than par because the firms wouldn't make good on their promise to hold auctions and the market declined. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |