The Wall Street Fraud Watchdog Expands Victims Assistance Of Auction Rate Securities & Warns About All Cash Type Investments

For nearly 10 months Americas Watchdog & its Wall Street Fraud Watchdog have been attempting to assist thousands consumers who were cheated by a bank or stock broker, when they were sold a cash equivalent called a auction rate securities. The group is now expanding this service, out of fear, that auction rate securities victims will either walk away from what could be their life savings, or they will incorrectly wait for the government to come riding into the rescue. According to the Wall Street Fraud Watchdog, "we are advising people not to wait for the government or a state regulator to come riding in for a rescue. It either may not happen in time, or at all. We are also advising all US investors to steer clear of Wall Street or bank gimmicks called cash equivalents, unless the broker or bank investment advisor is willing to put in writing, the investment is 100% safe." Investors who have auction rate securities, Schwab yield plus, TD Ameritrade Reserve Yield Plus or other frozen or devalued cash equivalents are encouraged to call The Wall Street Fraud Watchdog at 866-714-6466 or visit their web site at http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/Http://WallStreetFraudWatchdog.Com

(PRWEB) December 8, 2008 -- Americas Watchdog's Wall Street Fraud Watchdog is strongly encouraging investors who have frozen auction rate securities, devalued investments like Schwab Yield Plus, TD Ameritrade's Reserve Yield Plus, or other frozen or devalued cash equivalents to not wait for the government to come riding into the rescue.

Either it has already happened, as is the case with the auction rate securities settlements, that are a result of the hard work of the New York, Massachusetts or Missouri attorney generals, or it may not happen at all. According to the group, "if you purchased an auction rate securities or other failed or frozen cash equivalents, we are in the strongest terms possible encouraging people to call us, so we can tell you who the best arbitration law firms in the country are. We think its about to get really ugly, and the time for sitting around waiting for an attorney general to come riding into the rescue is looking increasingly like a long shot." Victims of the auction rate securities debacle, frozen and or devalued cash equivalents are welcome to call the Wall Street Fraud Watchdog anytime at 866-714-6466 or visit their web site at http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/Http://WallStreetFraudWatchdog.Com

we are advising people not to wait for the government or a state regulator to come riding in for a rescue. It either may not happen in time, or at all. We are also advising all US investors to steer clear of Wall Street or bank gimmicks called cash equivalents, unless the broker or bank investment advisor is willing to put in writing, the investment is 100% safe.

While there are current auction rate securities state attorney general actions pending against Oppenheimer & the banking giant Wells Fargo, the Wall Street Fraud Watchdog knows that there are scores of other banks and or stock brokerage firms, that sold auction rate securities, and the only way these victims have a chance to get their money back is to fight for it.

we want to hear from every victim of the auction rate securities disaster or cash equivalent failures, so we can try to figure out how to get them help. These victims can call us anytime at 866-714-6466.

as bad as Congress has said it is, its actually worse. US banks that have taken $250 billion in TARP money are not helping homeowners, like they said they would, US banks are lying about their non-performing real estate loans. We also expect the US tax free municipal market to collapse in 2009, because of diminished property tax revenues, sales tax revenues, and income tax revenues.

In other words the US economy is going to get really ugly in 2009, and smart investors should get their money in very safe places, like US treasuries, or something super safe.

2008 may go down in history as Wall Street's best year ever, when it comes to cheating US investors.

"While there are current auction rate securities state attorney general actions pending against Oppenheimer & the banking giant Wells Fargo, the Wall Street Fraud Watchdog knows that there are scores of other banks and or stock brokerage firms, that sold auction rate securities, and the only way these victims have a chance to get their money back is to fight for it."According to FINRA only 1 out of 10 victims of a cash equivalent con job ever gets their money back. According to the group,"we want to hear from every victim of the auction rate securities disaster or cash equivalent failures, so we can try to figure out how to get them help. These victims can call us anytime at 866-714-6466."

    

• Important Note: The Wall Street Fraud Watchdog is warning all US investors or international investors to steer clear of any type of cash equivalent financial product being hyped by a bank investment advisor or stock broker, unless the broker or bank investment advisor will put in writing, the cash equivalent product is 100% safe & guarenteed.

Americas Watchdog predicted as far back as 2005 that the real estate market collapse would put the entire US economy at risk. According to the group," as bad as Congress has said it is, its actually worse. US banks that have taken $250 billion in TARP money are not helping homeowners, like they said they would, US banks are lying about their non-performing real estate loans. We also expect the US tax free municipal market to collapse in 2009, because of diminished property tax revenues, sales tax revenues, and income tax revenues." The group expects US residential real estate values to plummet a minimum of 10% in 2009, with states like California seeing declines of at least 15%, with more declines in 2010. "In other words the US economy is going to get really ugly in 2009, and smart investors should get their money in very safe places, like US treasuries, or something super safe."

    

• Americas Watchdog created the Wall Street Fraud Watchdog to help investors who have been cheated, or defrauded with auction rate securities, or any other cash equivalent type financial product. Any investor who feels like they were sold a bill of goods are welcome to call the Wall Street Fraud Watchdog anytime at 866-714-6466 or visit their web site at http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/http://www.prweb.com/releases/2008/12/Http://WallStreetFraudWatchdog.Com .

The Wall Street Fraud Watchdog is also warning all US stock market investors to be on the look out for stock brokers or bank investment advisors churning your account. According to the group, "2008 may go down in history as Wall Street's best year ever, when it comes to cheating US investors."

The Wall Street Fraud Watchdog is all about consumer protection and Wall Street integrity.

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