Issuers ask SEC for break amid auction-rate woes

Wall Street Journal (subscription required), February 27, 2008
Brokerage firms and a group of hospitals are urging federal securities regulators to allow those who issued debt to buy it in hopes of preventing failed auctions. A group of 14 hospitals and the Securities Industry and Financial Markets Association have sent letters to the Securities and Exchange Commission urging the agency to permit such a move with assurance that it wouldn't constitute market manipulation.

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