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http://www.subprimelosses.com/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/ Fri, 18 May 2012 13:34:16 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.subprimelosses.com/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/comment-page-1/#comment-5644 Renee Mon, 17 Nov 2008 18:30:13 +0000 http://www41.a2hosting.com/~subpr1m3/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/#comment-5644 Yes, WHAT ABOUT WELLS FARGO INVESTMENTS? We are in the same boat as Joyce Colfer and Michael. We were out and out lied to by Wells Fargo Brokerage. We've been given the run around for months now and are feeling extreme panic at this point. We put the majority of our available cash into ARPS which were sold to us as "cash equivalent". Yes, WHAT ABOUT WELLS FARGO INVESTMENTS? We are in the same boat as Joyce Colfer and Michael. We were out and out lied to by Wells Fargo Brokerage. We’ve been given the run around for months now and are feeling extreme panic at this point. We put the majority of our available cash into ARPS which were sold to us as “cash equivalent”.

]]> http://www.subprimelosses.com/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/comment-page-1/#comment-3661 Michael Mon, 03 Nov 2008 12:43:57 +0000 http://www41.a2hosting.com/~subpr1m3/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/#comment-3661 What about Wells Fargo Investments? My private wealth advisor put me into an ARS Fund that I was told was 7 day liquidity I have tried for months to sell out of these securities. The same advisor told me they would provide a loan at a rate higher then the the securities are returning. My concern is more and more municipalities will default. I currently live in the city of Hoboken and have recently had a property tax increase of 50% because of a budget deficit this will cause homeowners to default as they can not meet the tax increase and further cause a tax shortfall. What about Wells Fargo Investments? My private wealth advisor put me into an ARS Fund that I was told was 7 day liquidity I have tried for months to sell out of these securities. The same advisor told me they would provide a loan at a rate higher then the the securities are returning. My concern is more and more municipalities will default. I currently live in the city of Hoboken and have recently had a property tax increase of 50% because of a budget deficit this will cause homeowners to default as they can not meet the tax increase and further cause a tax shortfall.

]]> http://www.subprimelosses.com/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/comment-page-1/#comment-2176 joyce colfer Fri, 05 Sep 2008 16:46:22 +0000 http://www41.a2hosting.com/~subpr1m3/blog/index.php/2008/08/22/cuomo-turns-up-ars-heat-on-%e2%80%98downstream%e2%80%99-brokers/#comment-2176 What about Wells Fargo Investments? They are guilty of soliciting ARPS from their money market clients. I know, I am one of them. I am retired 66, and a divorced woman with no other means of support except SS and most of my retirement was in the MM, they are less than sympathetic. What about Wells Fargo Investments? They are guilty of soliciting ARPS from their money market clients. I know, I am one of them. I am retired 66, and a divorced woman with no other means of support except SS and most of my retirement was in the MM, they are less than sympathetic.

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