FireDogLake: Franken: Rating Agencies "Fundamentally Flawed," Operating Same As Before the Crisis
When Dodd-Frank passed, I said that the legislation was not a bill but a plan to write a bill later. Dodd-Frank had dozens of studies and rules that would be written and implemented by regulators. The legislation would offer a rough guideline, but ultimately it would be up to the regulators to actually determine whether or not it would make a difference.
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© Al Franken - U.S. Senator, Minnesota, 2011. |
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