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Making Rating Agencies Liable for All of Wall Street’s Wrongs Is Not Right 

Jun 18, 2010By

Like reversing the epigram in T.S. Eliot’s “Murder in the Cathedral,” Congress’s last temptation in financial reform is to “do the wrong deed for the right reason.” The credit rating agency liability concepts in both the House and Senate financial reform bills are “wrong deeds” in this sense.

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Updated 11 months ago