It appears that not much has changed in the last 6 years. ARS are frozen and investors appear to still be stuck. An update for 2024 would be value added. I just finished reading Michael Lewis' terrific book, "The Big Short", and it occurred to me that the credit default swaps in the mortgage bond scandal was related to the ARS scandal. I am amazed that nobody on Wall Street or Washington ever went to jail. At least Madoff willingly plead guilty and fell on the sword, but the cowards/crooks on Wall Street and in Washington never took any responsibility and were not held accountable. Instead of issuing big bonuses on Wall Street, why don't they work to make the ARS liquid. Investors purchased these vehicles on the assumption that it was liquid.