Browsing Category: "Financial Press Release"

Americas Watchdog Is Offering Free Advice To All Consumers Who Were Taken In The $320 Billion Dollar Auction Rate Securities Scam

Tuesday, May 20th, 2008 | Financial Press Release

Americas Watchdog is offering to help all victims of the auction rate securities scandal. The group has termed the auction rate securities debacle, "the single worst case of fraud in US history". Why is this the biggest case of fraud in US history? Over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that individual investors there was no risk in something called an auction rate security, they were liquid, they were just like cash". On February 14th 2008, the auctions failed, and now over 100,000 US investors are wondering if they will ever see their money again. In this case its $320 billion dollars. This represents the life savings of most victims. Victims can call Americas Watchdog anytime at 866-714-6466

(PRWEB) May 12, 2008 -- Americas Watchdog is offering to help all victims of the auction rate securities scandal for free? Why is this a scandal? Over 100,000 US citizens were told by their name brand US bank, a high profile Wall Street stock brokerage firm, or a financial institution that individual investors should cash in their CD's or money market accounts, because there was no risk in something called an auction rate securities. The victims were also told auction rate preferred shares or auction rate shares investments were safe, they were liquid, etc. On February 14th 2008, the auctions failed, and now over 100,000 US investors are wondering if they will ever see their money again. According to Americas Watchdog, "this is the single worst case of fraud in US history. We want to hear from every victim at 866-714-6466" so we can try to help them".

News Image

To further illustrate why this was fraud: according to the New York Times, the big US banks, the big stock brokerage firms and the big financial institutions advised their institutional clients to get out of auction rate preferred shares (ARPS) or auction rate shares (ARS) over a year ago. The big US banks, name brand stock brokers and financial institutions then proceeded to fill in the void left by the big investors, with little mom & pop investors who trusted the bank, stock broker or financial institution come on lines, "its just like cash, there is no risk, you have no worries, you can get your money anytime". According to Americas Watchdog, "it was one big fat lie and it was fraud. These were never safe, these were never liquid, it was a game of old maid, & now tens of thousands of US consumers are stuck with nothing, and dim to no prospects for a future with their money". Victims of the auction rate securities scandal can call Americas Watchdog anytime at 866-714-6466. Their web site is at Http://ARSWatchdog.Com

So what should any individual involved in the auction rate preferred shares (ARPS) or auction rate shares (ARS) scandal do?

According to Americas Watchdog, "we want every victim to call us because they need to start making smart choices to protect themselves and we want to tell them everything we know". Starting with":

  • Americas Watchdog & their Auction Rate Securities Complaint Center is recommending that most auction rate shares or auction rate preferred shares victim talk with an arbitration law firm that has a specialty in securities law. The group can makes some very good suggestions.

Important Note: Some personal injury type law firms with no securities experience are now creating web sites that say they can help victims with auction rate securities legal issues. If a consumer who was defrauded with auction rate securities (ARPS or ARS) wants to know who to call Americas Watchdog can make some recommendations.

  • Americas Watchdog will try to explain the secondary market to every consumer who has a auction rate security. The secondary market is a place that has been created to buy investors out of the ARPS or ARS investment. While the secondary market will involve a discounted sales price, a good portion of the discount could be made up in the arbitration process.

  • Americas Watchdog wants to hear from everyone who was sold auction rate preferred shares or auction rate shares in order to hear what they were told by a US bank, a name brand stock brokerage firm or a financial institution. Again a victim can call Americas Watchdog anytime at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com

  • Another reason Americas Watchdog wants to hear from every consumer is because of so much disinformation about a miracle fix to the auction rate securities disaster. Disinformation includes, a magic fix by the SEC, state regulatory agencies fixing the problem or even all of the banks stock brokers or financial institutions giving people back all their money. According to the group, "some people have been cashed out, but we fear that's about it. Many of the investments involved in auction rate securities are so toxic that the victims may not get their money back for 20 year if at all (student loans). This is why we want victims to call us as an honest national resource in this incredibly bad situation". The groups number is 866-714-6466.

Americas Watchdog has been at the forefront of trying its best to assist all victims of the auction rate securities disaster. The group intends to continue all of its investigation and its efforts to assist all victims. According to the group,"its been nearly three months and now we really want to talk to the victims of a just like cash, safe & liquid investment that in fact was anything but safe, liquid or just like cash". Anyone who purchased an auction rate preferred shares or an auction rate preferred share should call Americas Watchdog at 866-714-6466 or visit their web site at Http://ARSWatchdog.Com

Americas Watchdog and its ARS Watchdog are all about protecting consumers in what will turn out to be the single worst case of fraud in US history.

Source

Bhupinder S Sood CPA Announces Personalized Debt Personal Finances Counseling to Individuals and Businesses

Tuesday, May 20th, 2008 | Financial Press Release

NASHVILLE, Tenn. (Business Wire EON/PRWEB ) May 13, 2008 --
PERSONAL LINE TO THE CPA is a new service offered to
individuals/businesses to get through this tough financial climate.
Small businesses and individuals sometimes do not know who to turn to
for good, honest advice.

I would like to offer true help,
said Bhupinder S Sood CPA.

Bhupinder S Sood CPA went through major financial overhaul and would
like to offer his experience to others in similar situations. He
promises to take a professional approach to your problem and come up
with a solution. As a truly, unique service 24/7, clients should expect
to receive a response within 24 hours.

PERSONAL LINE TO THE CPA is a new service to financially distressed
Individuals/businesses; quick turnaround, Bhupinder S Sood CPA provides
services to handle individual/business problems.

Source

Flagstar Offers 6-month, 10% CD

Tuesday, May 20th, 2008 | Financial Press Release

Consumers can qualify for a 6-month, 10% certificate of deposit by opening a primary checking account at a Flagstar banking center in Michigan, Indiana or Georgia.

Troy, Michigan (PRWEB) May 13, 2008 -- Flagstar Bank announced it is offering new checking account customers the opportunity to open a 6-month, 10% certificate of deposit. The minimum opening deposit is $500 and the maximum deposit is $2,500.*

News Image

"We think our banking experience is among the best around," said David Joyce, director of Marketing for Flagstar Bank. "We were recently ranked a leader in customer satisfaction in three independent surveys. This CD gives people the opportunity to become a Flagstar customer and experience first-hand all the great benefits of banking with us."

Joyce added that the CD is particularly attractive at a time when interest rates on deposit accounts are dropping.

Flagstar Bancorp (NYSE:FBC), with $15.9 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At March 31, 2008, Flagstar operated 167 banking centers in Michigan, Indiana and Georgia and 138 home loan centers in 26 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.         

*Annual Percentage Yield (APY) is accurate as of 4/27/2008. Minimum opening balance requirement is $500; maximum is $2,500. Additional deposits are not allowed during certificate of deposit (CD) term. CD available for new checking account customers who have at least 15 transactions, such as bill payments through online banking and other debits and credits except interest deposits, or at least $250 in direct deposit of income per month. Penalty may be imposed for early withdrawal on CD. A $100 penalty will be imposed against CD balance if checking account is closed before initial 6-month CD term expires or if the checking account does not meet qualifying requirements. Rate effective for a limited time only. Valid only on accounts opened with funds not already on deposit with Flagstar Bank. Offer cannot be combined with coupons or other special offers. The renewal interest rate and annual percentage yield will be determined on your maturity date. Account fees could reduce earnings. Not available for public units. One CD allowed per primary checking account with qualifying requirements. Certain restrictions may apply. Please contact your local Flagstar banking center for more information.

Contact information:
Susan Cherry/Flagstar Bank
5151 Corporate Drive
Troy, MI 48098
(248) 312-6237
Adv(at)flagstar.com

Source