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Washington
Inside Washington (02/11/2008)
* WASHINGTON (2/12/08)--The Securities and Exchange Commission (SEC) is weighing its credit-rating-company rules after investors lost on products backed by subprime mortgages (Bloomberg Feb. 11). The SEC could propose new rules this spring that would provide more information about past ratings and the difference between ratings on corporate and municipal bonds versus ratings on structured debt. Banks and securities have lost $146 billion since 2007, the agency said ... * ALEXANDRIA, Va. (2/12/08) -- National Credit Union Administration (NCUA) Vice Chairman Rodney Hood said he would come away from the 25th anniversary celebration for the nation’s largest student-run federal credit union with best practices to incorporate in his Blueprint 2020 Initiative. At the celebration, Hood commended Georgetown University Alumni and Student Federal Credit Union (GUASFCU) for its 25 years of service and for spreading knowledge of the philosophy and mission of credit unions and raising awareness of the careers available in this industry. The goal of Hood’s Blueprint initiative is to attract well-trained and highly competent new credit union employees, board members, supervisory committee members and credit committee members to the credit union movement. Hood noted that GUASFCU is entirely student-run; currently, with over 150 interns, and raises awareness of the careers available in the industry …


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