"Strikingly weak," "mortifying," and "old and ineffective medicine" - critics comment on...

|By:, SA News Editor

"Strikingly weak," "mortifying," and "old and ineffective medicine" - critics comment on regulatory reform aimed at the three big ratings firms (S&P (MHP), Moody's (MCO), and Fitch). "The Big Three object that the legislation proposed by Congress could make them more vulnerable to legal action. But they otherwise do not sound particularly exercised about much else that is likely to become law." (via)