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$135b still frozen by an early '08 debacle

Later events eclipsed the auction-rate mess

Massachusetts Secretary of State William Galvin and state Attorney General Martha Coakley attended the US House Financial Services hearing on auction-rate securities. Massachusetts Secretary of State William Galvin and state Attorney General Martha Coakley attended the US House Financial Services hearing on auction-rate securities. (Jay Premack for the Boston Globe/File 2008)
By Beth Healy
Globe Staff / December 31, 2008

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As they grapple with the credit crunch, many businesses across the country have yet another cash constraint: more than $100 billion tied up in a part of the bond market that shut down last February and that isn't going to reopen. (Full article: 1228 words)

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