Bill Supposed To Tighten Rules On Ratings Agencies Has Big Loopholes

Bill Supposed To Tighten Rules On Ratings Agencies Has Big Loopholes

A key House of Representatives committee is set to vote soon on legislation that would overhaul financial regulation and produce greater transparency for investors, but as it's now written it fails to address many of the credit-rating agency missteps that helped fuel the global financial crisis.

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