Marketplace Morning Report for Wednesday, July 11, 2012
In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill -- which sounds like legislation that's all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today's Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.
In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill — which sounds like legislation that’s all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today’s Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.