Law360, New York (May 06, 2008, 12:00 AM ET) -- As regulator and shareholder scrutiny continues to rain down on several major Wall Street firms over the collapse of auction rate securities, a paper by business adviser NERA Economic Consulting warns that each case should be viewed narrowly.
NERA released a working paper on Tuesday which reviewed the evolution of auction rate securities from their creation in the mid-1980s to the current bust in the market as a result of the subprime mortgage crisis.
Recent failures in the auction rate securities market have been blamed on...
Auction Rate Securities Need Individual Scrutiny: NERA
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