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Is this any better?

Started by Riversider
over 15 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://online.wsj.com/article/SB10001424052748704635204575242472908973624.html (The real solution is to strip away the 1st amendment protection enjoyed by the rating agencies and put them in the same class as an auditor, like Arthur Anderson or KPMG. Congress clearly chose a Democrat solution -------------------------------------- Under the new provision, the Securities and Exchange Commission would instead establish and oversee a powerful credit-rating board that would act as a middleman between issuers seeking ratings and the rating agencies. The board would select which agency provides the "initial rating" for certain securities known as structured bonds.

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