Goldman Sachs (GS) and Wells Fargo (WFC) agree to buy back millions in auction-rate securities...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) and Wells Fargo (WFC) agree to buy back millions in auction-rate securities from New Jersey clients - bringing the total to 12 companies that have agreed with the state to repurchase $2.8B worth. The market froze up in February 2008, leaving investors stuck with debt marketed as safe and as liquid as cash.