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May 1, 2012

Cash Equivalents Don?t Act Like Cash When It Counts

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One of the early signs of how bad 2008 was going to turn out to be was the freeze-up of the auction rate securities market in February of that year.

Source: http://www.forbes.com/sites/greatspeculations/2012/05/01/dont-count-on-cash-equivalents-to-act-like-cash-when-it-counts/

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