WASHINGTON (AP) — The House Financial Services Committee has voted to set new rules for credit rating agencies, which lawmakers say misled investors by giving high marks to risky securities tied to subprime mortgages.
The proposal was approved by a 49-14 Wednesday vote in a rare bipartisan show of support.
The bill, by Pennsylvania Democratic Rep. Paul Kanjorski, is the panel's latest attempt to tighten the rules of the road for financial institutions after last year's market crisis.
It's three years and one quarter since the banking crisis of September 2008. The housing market had already started to decline at that time, but nothing recently has hit us as fast and as hard as the loss in stock values following the failure of Lehman Brothers. This was also a time of significant loss of confidence in the market, in banks and in rating agencies.
Valentine's Day wine, chocolate pairing
Jewell Towne Vineyards will hold a Valentine's Day Wine and Chocolate pairing on Saturday, noon to 4 p.m., at the winery in South Hampton. Partnering with the Lindt Chocolate Shop located in the Industrial Park in Stratham, N.H., they will be sampling a variety of premium chocolates paired with Jewell Towne wines. Both chocolate and wine will be available for purchase during the event. The event is open to the public, free of charge, and no reservations are needed. For more information, visit their website at www.jewelltownevineyards.com or call 603-394-0600.
HAVERHILL — The more than 100 students at Whittier Regional Vocational Technical High School who have outside co-op jobs enjoy real-world job experience, a paycheck and only have to come to school every other week for their academic classes. It's a taste of the freedom and independence that is around the corner for them.
Workshop seeks to decode the QR Code
An interactive workshop focusing on the new mobile marketing tool QR Codes will be held Wednesday, Feb. 8, from 8 to 10 a.m. at Newburyport Public Library, 94 State St.
CAMBRIDGE, Mass - (BUSINESS WIRE) MIT Sloan School of Management announced two changes to its Master of Finance (M.Fin) program: an additional round of admissions with an application deadline of March 15, and the availability of partial tuition fellowships for a select group of highly qualified candidates. The moves are in response to growing student and industry demand for the specialized degree.
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