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"​Bond Tumult Is Jostling Auction-​Rate Securities" Says Wall Street Journal. "Corporations and other investors buy auction-​rate securities as a way to earn a bit more money on their spare cash than a traditional money-​market account would offer." Alas, "​parts of the $​300 billion market froze up" in August and "​demand vanished for issues backed by risky assets" says the piece.

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