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Americas Watchdog Calls For A National Boycott of U.S. Banks or Financial Institutions who Sold Auction Rate Preferred Shares or Auction Rate Shares in the Worst Case of U.S. Fraud Ever
Americas Watchdog is calling for a national boycott of specific U.S. banks or stock brokerage companies that deceived tens of thousands of US citizens with lies or falsehoods regarding risky investments called "auction rate preferred shares" (ARPS) or "auction rate shares" (ARS). According to Americas Watchdog, "name brand U.S. banks and stock brokers stuck unsuspecting U.S. citizens with extremely exotic securities calling them no risk and just like cash, and now these unfortunate citizens cannot get their money back." Americas Watchdog will start putting up web sites naming specific banks, stock brokerage firms and financial institutions involved in this gigantic fraud and the group will ask all U.S. citizens to find another bank or more trustworthy stock broker." According to the group, "U.S. banks and major stock brokerage firms have put tens of thousands of U.S. consumers through hell, and now its time for pay back." (PRWeb Apr 16, 2008) Read the full story at http://ww1.prweb.com/releases/2008/04/prweb853634.htm