"​Turmoil in auction-​rate securities market cited as '​tremendous buying opportunity'" says FinancialWeek. Crain'​s FW reports from last week'​s AFP conference, "Corporate treasurers usually take the path of least resistance and stick their excess cash in a money market mutual fund," quoting Lisa Joublanc of Global Payments. It quotes Tony Russo of Jefferies & Co. on auction-​rate securities, saying the recent auction failures of 2% of the market were "​A tremendous buying opportunity".

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