June 24, 2008
SEC Gets it Right??
The SEC has proposed rules that reduce long standing requirements that certain investments have specified ratings from rating agencies. The requirements give rating agencies a government backed monopoly (oligopoly perhaps). The governments response has been to complain about the rating agencies practices. Now it is slowly moving to reduce the requirements as well and minimize the government sponsored monopoly. Good. Hope the proposed rules survive.
June 24, 2008 | Permalink
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