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Reforming the Rating Agencies; Learn More:
Financial Reform
Watching the Watchers: American Prospect | April 26, 2010
Don't Nibble Around the Edges of Financial Reform: The Hill | November 2, 2009
Would 1970s Airline Regulations Have Prevented The Buffalo Crash?: Business Insider | June 29, 2009; June 14, 2010
Reckoning Day for the Raters: If bad things happen in the dark, it's time to worry about the fate of Sen. Al Franken's proposal to clean up the credit rating agencies.; Hill's "Congress Blog"; By James Lardner; Under the Franken amendment, investors considering the purchase of asset-backed bonds will be guaranteed at least one risk evaluation by a firm that has been independently chosen. (A new ratings board, with investors in the majority, will act as a clearinghouse for initial ratings.) "Analysts' chief motivation will be getting it right, instead of making bankers happy," the former investment banker (now Atlantic magazine blogger) Daniel Indiviglio observed, describing the provision as "one of the most substantial amendments to the reform effort to date."

Timothy Rusch
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Gennady Kolker
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Events:Jinny Khanduja
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jkhanduja@demos.org