IPFS News Link • Continental Congress 2009
Bill to tighten rules on ratings agencies has big loopholes
• McClatcheyThe draft legislation proposed by Rep. Paul Kanjorski, D-Pa., goes farther than Obama's recommendations, but it doesn't address some of the ratings agencies' most egregious abuses.
"I think that it's well-intentioned, but I'm afraid it will have little practical effort," said Eric Kolchinsky, who was a managing director in Moody's