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The News: Latest Tweaks to Senate Reform Bill Threaten Rating Firm Jobs
Two amendments that became part of the Senate's Wall Street reform package Thursday promise to alter – and perhaps eliminate – many jobs in the big three credit rating firms. The provision added at the request of Sen. Al Franken, D-Minn., creates a government-appointed panel "to match rating agencies on a semi-random basis with debt issuers," according to Reuters. "That could ease pressures the agencies face to assign rosy ratings... Read more
Anonymous 14 May 2010 - 0 comments
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