What Are The "Major Announcements" On Auction Rates Securities?

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Both the Securities and Exchange Commission and New York Attorney General Andrew Cuomo are scheduled to make major announcements this morning on auction rate securities.
First up, at 11 am, Cuomo has said he will make an announcement on his investigation. The SEC is scheduled to announce an enforcement action fifteen minutes later. Anyone want to venture a guess about who will be named as subjects of the investigations?

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