Stock Investment Blog|Journal of Stock Investments|Portfolio

UPDATE: Senator Seeks Higher Fines For Banks In ARS Cases
Last Update: 8/15/2008 6:35:44 PM
(Updates with Citigroup’s no comment, and hypothetical example from Grassley
about a potential fine and tax effect.)
By Martin Vaughan
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–A senior Republican senator wants the Securities and
Exchange Commission to ensure that banks [...]

Wachovia to buy back auction-rate securities
Bank reaches agreement with regulators to repurchase about $9 billion
By John Spence, MarketWatch
Last Update: 8/15/2008 12:45:00 PM
BOSTON (MarketWatch) — State and federal regulators said Friday that Wachovia
Corp. has agreed to a preliminary settlement related to the sale of roughly $9
billion in auction-rate securities, the market for which collapsed earlier this
year.
Charlotte, [...]

DOW JONES NEWSWIRES
A “global” settlement with Wall Street investment banks that sold auction-rate
securities to customers who may have been misled about the bonds is “imminent”
and could be announced as early as Wednesday, CNBC’s Charlie Gasparino reported,
citing sources familiar with the matter. The settlement would involve the New
York State Attorney General’s Office, [...]

Soft Credit-Card ABS Market May Add To Consumer Credit Woes
Last Update: 8/5/2008 7:38:00 AM
By Aparajita Saha-Bubna and Prabha Natarajan
Of DOW JONES NEWSWIRES
(This article was originally published Monday)
NEW YORK (Dow Jones)–Investors are growing wary of bonds backed by consumers’
payments on their credit-card debt, jamming up another debt market and [...]

SEC Extends Emergency Short-Sale Order Thru August 12
Last Update: 7/30/2008 7:40:20 AM
(This article was originally published Tuesday)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Emergency restrictions on short-sales in 17 Wall Street
firms and housing-finance giants Fannie Mae (FNM) and Freddie Mac (FRE), due to
expire just before midnight Tuesday, have [...]