You are ON your OWN, 'murka!
"Success, and failure, in auction-rate fallout; Documents show Bank of America warned California of big problems, but let small investors fend for themselves" by Beth Healy, Globe Staff | August 19, 2008
Bank of America Corp.'s investment arm warned a large bond issuer - the State of California - of trouble in the auction-rate securities market late last year, according to documents reviewed by The Boston Globe, while the firm was still selling the investments to smaller investors without such warnings.
Most individual customers were not provided with the kind of market intelligence Bank of America and other brokers were giving to large institutional clients like the State of California.
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