Perspective
Jan. 7, 2010
Credit-Rating Agency Reform?
Mark Labaton of Kreindler & Kreindler says criticism that the House's bill does not adequately regulate credit-rating agencies may be exaggerated.
By Mark Labaton
Before adjourning for the New Year recess, the House of Representatives passed "sweeping," "monumental" and "far-reaching" legislation to curb some of the abuses that led to the collapse of our economy a year ago. But wait. Hold the applause. No part of the House's bill will become law until the Senate passes its own financial regulatory bill later this year, and President Barack Obama signs legislation that combines both bills. Moreover, the 1,200...
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