Dodd Lays Down the Foundation of Credit Rating Reform Legislation
August 7, 2009
Sen. Chris Dodd, D-CT, chairman of the Senate Committee on Banking, Housing and Urban Affairs, this week laid out his views of what a credit rating reform bill should contain even as credit rating agencies urged caution in moving forward with legislation. In a Senate banking committee hearing this week, Dodd said bad methodology, weak regulatory oversight, conflicts of interest...