Morgan Stanley to buy back $4.5 billion auction rate debt

After Citigroup, Merrill Lynch, and UBS, now is the turn of Morgan Stanley to buy its securities back:
WASHINGTON (Reuters) - Morgan Stanley (NYSE:MS - News) said on Monday it will buy back about $4.5 billion of auction rate securities from clients at their face value, after New York Attorney General Andrew Cuomo's office said it wanted to begin settlement talks with the bank and two others.
According to the article, JPMorgan and Wachovia will follow?

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