Comment on this Article

You are here: Home : Article : Comment on this Article

Does the SEC Have the Clout to Rule the Rating Agencies? Securities and Exchange Commission chairman Christopher Cox testified that the SEC has enough leeway to keep the agencies in line.

Sarah Johnson, CFO.com | US
September 27, 2007

Finger Pointing Session: What we have is ' a failure of proper finger pointing' and zero results. Either the SEC needs stronger leadership or the financial and banking institutions have 'back door' power that no one wants to admit.

All I can see is that the financial instutions had the resources to create this mortgage mess and the wherewithal to get the 'rating' companies to jigger the traunchs higher than 'super junk'. Afterwards the SEC went bird watching in the Catskills.

What we have had and still have is the financial media trying to play it down as though it was / is just a minor event . . . Yea, just before the depression hits us all by surprise!!; Posted by Henry Schweinbold | Sep 28, 2007 5:12 PM ET