When Bankers Fear to Act

Story date: 2008-02-21 03:53:00
Added on: 2008-02-24 12:17:08

New York Times - ... Street houses — from Morgan Stanley and Goldman Sachs to Citigroup and Merrill Lynch — have refused to commit capital to the auction-rate market, a market that was supposed to allow investors to sell each week, via an auction that set interest rates


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