the worst case of securities fraud in US history.
Washington, DC (PRWEB) February 18, 2009
On February 14, 2008, the US auction rate securities markets were frozen due to a lack of liquidity. Americas Watchdog & its Wall Street Fraud Watchdog immediately got involved in an attempt to assist the over 145,000 US victims in what it has called, "the worst case of securities fraud in US history." According to the group, "Individual investors were told by their stock broker or bank investment advisor that auction rate securities were just like cash, they were liquid, and they were 100% safe. It was all a lie. The auctions had been failing as far back as the summer of 2007 and the banks and investment bankers were simply infusing money into the auctions to make it appear all was well. It was fraud 101 & it was a crime." The group says, "If you still have frozen auction rate securities with Wells Fargo, Oppenheimer, E-Trade, & Raymond James, we think you are going to have to fight for your money to get it back as we are beginning to lose faith in the attorney generals. We have zero faith in the SEC." If you are a victim of the auction rate securities fiasco please feel free to call to Wall Street Fraud Watchdog anytime at 866-714-6466 or contact them via their web site at Http://WallStreetFraudWatchdog.com.
*Important Note: Consequential Damages For Auction Rate Securities Victims. If you incurred legal costs, businesses losses, or other losses associated with the purchase of auction rate securities, FINRA appears to be allowing victims to obtain consequential damages.If your purchased auction rate securities and incurred a business loss or financial costs, please contact the Wall Street Fraud Watchdog for more information at 866-714-6466 or visit their web site at Http://WallStreetFraudWatchdog.com.
Note To All US Investors - Be Very Wary of Wall Street & Real Estate in 2009:
- The Wall Street Fraud Watchdog has learned that bank investment advisors and stock brokers are selling tax free municipal bonds at near record levels, to unsuspecting US investors. The Wall Street Fraud Watchdog is predicting a record number of municipal bond failures in 2009 because of diminished property tax, sales tax, and or income taxes going to the states. The group is recommending that unless the stock broker, or bank investment advisor will put in writing that the municipal bond is 100% safe, get out and go to cash.
- The Wall Street Fraud Watchdog is accusing all mutual fund managers of being negligent in the operation of their funds. The group is recommending that investors get out of standard mutual funds and get into mutual funds that are mining or precious mineral related stocks or funds. As a result of the Pelosi/Obama New Deal type spending spree, the Wall Street Fraud Watchdog expects serious inflation to hit the US in 2009.
- According to the group, because of a anti business/pro tax Administration & Congress, the Wall Street Fraud Watchdog expects no economic recovery in 2009; there will be new Dow and S&P lows, and more bank failures. US citizens should have no more that $100,000 in any one bank, or for married couples, no more than $200,000 in any one bank (make sure the bank is FDIC insured). The group expects three more extremely significant bank failures in 2009 in the top 10 US banks, unless there is a US nationalization of these institutions (hint: if the bank has huge exposure to Alt A mortgages, pay option adjustable rate mortgages, CDO's, or second mortgages, they are done).
- According to the group, 2009 will see all US real estate markets decline by at least 10%. States like California ("taxifornia") could see additional property tax devaluations of 15% to 20%.
- Hint to the Obama Administration: According to the group, if you want the US economy to improve, eliminate capital gains taxes for at least two years, lower the maximum Federal Income Tax to 20% for everyone. If you want to see economic growth, the private sector & small businesses do a much better job, than a Nancy Pelosi, big tax, big government new deal. "We want you to succeed, but you will not do it with a tax the rich, hire more federal employees approach."
The Wall Street Fraud Watchdog is all about investor protection and corporate responsibility. Investors can call the group anytime at 866-714-6466 or contact them via their web site at Http://WallStreetFraudWatchdog.com.
The Wall Street Fraud Watchdog offers consulting services for high net worth US, international investors, or institutions, wishing to avoid any more Wall Street surprises. For more information, a high net worth individual, or institution can contact the group anytime at 866-714-6466.