Wednesday, July 27, 2011

Rule by Rating Agencies


Sent to you by wam4 via Google Reader:


via The Corner by Ramesh Ponnuru on 7/27/11

This, from Holman Jenkins, sounds right to me:

For the unwarranted power granted to rating agencies, which after all merely issue opinions, blame U.S. law and regulation. These require bankers, pension funds and other regulated investment funds not just to consult ratings, but to act on them.

Keep reading this post . . .


Things you can do from here:


No comments:

Post a Comment