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U.S. lawmakers plan to introduce a measure that would force credit-rating firms to affirm the...

U.S. lawmakers plan to introduce a measure that would force credit-rating firms to affirm the accuracy of their views every quarter, arguing that more frequent ratings would help sound the alarm sooner on potential problems. A House hearing tomorrow will include appearances by executives from S&P (MHP) and Moody's (MCO).
Comments (4)
  • Lint
    , contributor
    Comments (391) | Send Message
     
    AAA-rated MBSs anyone?
    1 Feb 2012, 10:26 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "U.S. lawmakers plan to introduce a measure that would force..."

     

    I have to agree with Mr. Lint.
    1 Feb 2012, 10:33 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    to bad they are already 1-2 years behind in their ratings...AAA until it defaults..then they lower it too AA+
    1 Feb 2012, 10:33 AM Reply Like
  • BlueOkie
    , contributor
    Comments (5582) | Send Message
     
    Congress is trying to blame the rating agencies while it was Congress who forced the loans to sub-primes. MBS and CDO's were a offshoot would never had been a problem if so many sub-prime loans existed. The rating agencies have improved some but it is still a free market.
    1 Feb 2012, 10:54 AM Reply Like
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