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Struggling Student-Lenders Blame UBS
Filed under: Newswrap, Student Loans
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UBS Accused of Auction-Rate Fraud
FiLife Take: Student loans are drying up. Who’s to blame? New Hampshire regulators say that UBS is partly responsible. They say UBS advised student-lenders to enter the crumbling auction-rate-securities market so that the bank could reduce its own position in the market. Student loan officials in Vermont and Illinois are making similar accusations. Read the article by Jennifer Levitz here.
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