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Frank-Dodd silliness
Topic Started: Jul 28 2010, 12:14 AM (180 Views)
LTC8K6
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Assistant to The Devil Himself
Bond ratings screwed up royally...from another board:

Quote:
 
To oversimplify, the recent faux “financial regulation” legislation created such liability for bond rating agencies that they are refusing to rate bond issues – and the legislation requires certain kinds of bonds to be rated.

Thereby destroying the market for the kind of securities that the legislation was pretending to regulate.



http://blogs.reuters.com/felix-salmon/2010/07/22/how-will-mary-schapiro-fix-the-ratings-agency-mess/

http://blogs.reuters.com/felix-salmon/2010/07/23/how-the-sec-seems-set-to-fix-the-ratings-impasse/
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Mason
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Parts unknown
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How is it that Barney Frank, overseer of financial collapase and tragedy, goes untouched?

How is it this guy is still writing legislation and working obviously special and corrupt deals?

I'm having politically incorrect thoughts on why this guy obviously culpable individual gets a Free Pass.

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