Thursday, October 9, 2008

Bank agree to buy back risky investments

Mr. Tan,

I came across this article and I think it will be helpful. I hope that this will convince MAS to do something to help the affected retail investor.

http://biz.yahoo.com/ap/081008/bank_of_america_settlement.html?.v=11

Bank of America Corp. has agreed to buy back up to $4.7 billion in auction-rate securities to settle charges it misled thousands of customers about the risky investments, federal and state regulators said Wednesday.