Upbeat outlook for proposed securities rating overhaul

Full story: Newsday

While President Barack Obama's plan to establish a new consumer agency ran into turbulence this week in Congress, the proposal to tighten the reins on companies that rate securities could be easier to implement.

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Just a Thought

Bellmore, NY

Ratings of mortgage backed securities from 2005 to 2008 misled many.

S Carton

Babylon, NY

Ratings agency fraud=housing bubble. Could not have one without the other.

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