Washington, DC (PRWEB) June 23, 2008
Americas Watchdog is warning the 100,000 US Auction Rate Securities Victims, "now is not the time to fall asleep at the switch, thinking everything is going to get fixed by your bank or stock brokerage firm". Americas Watchdog is trying to help every victim of the auction rate securities disaster with free help and advice. "If you own auction rate securities, do you think the problem is about to get solved by the bank or stock brokerage firm that cheated you? Or do you think a class action will help you? Think again." According to Americas Watchdog, "We think the problem is about to get much worse, more complicated and more confusing, so now is the time for some honesty and now is the time to act." The group has termed the auction rate securities debacle "the single worst case of fraud in U.S. history" and every victim needs to call us". Victims can call Americas Watchdog anytime at 866-714-6466 or visit their web site at http://ARSWatchdog.com.
If you have an action rate security called a ARPS or ARS, Americas Watchdog says "you need to act and you need to act now. When was the last time you saw a news story about auction rate securities also called ARPS or ARS? This $330 billion disaster will get swept under the carpet. Action rate securities victims should not sit around waiting for a fix. It will not happen". Call Americas Watchdog at 866-714-6466 to explore realistic options.
According to the group, "here's one more reason to discount your bank or stock broker saying everything is going to be ok".
(06-18-2008) The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
"A very nasty period is soon to be upon us -- be prepared," said Bob Janjuah, the bank's credit strategist".
"A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets".
Here is a little honesty:
# 1. Stay away from class actions unless you want ten cents on the dollar.
# 2. Do not believe your broker or banker that everything is ok--it is not
- If you have a student loan or a municipal auction rate security, you could be looking at 20 years before you get your money back.
- Americas Watchdog and their Auction Rate Securities Complaint Center is recommending that most auction rate shares or auction rate preferred shares victims talk with an arbitration law firm that has a specialty in securities law as opposed to joining a class action. Americas Watchdog considers class actions a very poor option, that could yield as little as $0.10 cents on the dollar. The group will make some very good suggestions with respect to the top securities arbitration law firms in the U.S. According to Americas Watchdog, "call us and we will give you their names and phone numbers".
Americas Watchdog will try to explain the secondary market to every consumer who has a auction rate security. The secondary market is a place that has been created to buy investors out of the ARPS or ARS investment. While the secondary market will involve a discounted sales price, a good portion of the discount could be made up in the arbitration process. The ARS Watchdog web site is located at http://ARSWatchdog.com & the group would recommend that consumers defrauded in Auction Rate Securities, visit the web site & click on the "options" tab. Or call 866-714-6466 to learn more about the secondary market
So Who Is The Typical Auction Rate Securities Victim: (in auction rate preferred shares or auction rate shares)? According to Americas Watchdog, the typical victims are as follows:
- Retired people
- People who did not want their money at risk in the U.S. stock market
- People who were about to buy a home
- Parents who had a trust fund for their kids
- Disabled people who need the money so they can pay bills.
- People saving for retirement
- Young people saving for their first home
- Working people saving for retirement
So what should any individual involved in the auction rate preferred shares (ARPS) or auction rate shares (ARS) scandal do?
According to Americas Watchdog, "We want every victim to call us because they need to start making smart choices to protect themselves, and we want to tell them everything we know. Victims can call us anytime at 866-714-6466."
Anyone who purchased an auction rate shares or an auction rate preferred share should call Americas Watchdog at 866-714-6466 or visit their web site at http://ARSWatchdog.com.
Americas Watchdog and its ARS Watchdog are all about protecting consumers in what will turn out to be the single worst case of fraud in U.S. history.
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