Tag: standard & poors
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Regulating the Ratings Agencies: Low-Hanging Fruit?
Among all the furious post-almost-apocalyptic discussions of financial industry regulation (i.e. here, here, here, here, and here), I'm stunned how rarely people mention the single biggest leverage point: regulation of ratings agencies. If Moody's et al had rated mortgage-backed securities properly, we simply wouldn't be in the fix we're in now. Those securities would have…