NH Progressive Blogs
Betsy Devine
Citizen Keene
Democracy for NH
Equality Press
The Political Climate
Granite State Progress
Chaz Proulx
Susan the Bruce
NH Political Links
Graniteprof
Granite Status
Kevin Landrigan
NH Political Capital
Political Chowder (TV)
Political Chowder (AM)
PolitickerNH
Pollster (NH-Sen)
Portside with Burt Cohen
Bill Siroty
Swing State 2008
Campaigns, Et Alia.
Carol Shea-Porter
Paul Hodes
Jeanne Shaheen
ActBlue Hampshire
Stop Sununu
NHDP
DCCC
DSCC
DNC
National
DailyKos
Digby
Eschaton
Hold Fast
MyDD
The Next Hurrah
Open Left
Senate Guru
Swing State Project
Talk Left
Talking Points Memo
50 State Blog Network
Alabama
Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Missouri
Montana
Nebraska
Nevada New Hampshire
New Jersey
New Mexico
New York
New York
North Carolina
North Dakota
Ohio
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Dakota
Tennessee
Texas
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
In a lawsuit against UBS Financial Services Inc., the New Hampshire Bureau of Securities Regulation alleged today that the Swiss bank misled a nonprofit New Hampshire student loan agency about the auction-rate market. UBS violated its fiduciary duty to the lender, a longtime client, the bureau alleged, by encouraging it to continue to issue debt through the auction market when UBS knew the market was on the verge of collapse.
None of this is funny - much less so to know it has resulted in students worrying about losing their student loans on the verge of school starting.
Carol Shea-Porter isn't amused either. She's calling for a Congressional review of UBS. And this is from her statement (via email):
"The allegations that UBS has defrauded New Hampshire students and families are deeply disturbing. As the mother of two, I know the difficulties families face in paying for college. NHHELCO's services affect nearly 85% of New Hampshire student loans. If these allegations are true, UBS's action could have potentially cost NHHELCO millions of dollars and resulted in NHHELCO being less able to meet the loan demands of New Hampshire students.
Congress must immediately investigate this matter. I have asked Chairman George Miller of the House Education and Labor Committee and Chairman Barney Frank of the House Committee on Financial Services to jointly investigate these allegations and the impact this potential fraud could have on New Hampshire students."
Blue Hampshire RSS