Forum Post: $300 Billion Crime

Banks and Wall Street Bangsters have sold Auction Rate Securities to mom's and pop's throughout the country with the claim that they were "as safe and liquid as money market accounts." Since 2007 these security auctions have failed and the investments are frozen - now neither liquid nor safe. No one is being held accountable for the fraudulent investment scheme and the Lame Street media has paid the scandal no attention. Small-time investors have lost their retirement, college funds, rainy day funds, and emergency cash in this debacle, and the folks on the Street and Washington have once again turned their backs on Main Street.