EU vs. Rating Agencies

November 15, 2011 by · Leave a Comment
Filed under: European Union, The Rating Agencies 

More government legislating behavior.

Let’s give the EU the ability to temporarily “ban” ratings on sovereign debt if they don’t like the ratings.

Let’s open rating agencies to liability, where THEY have to defend against a standard of proof that there wasn’t “gross misconduct.”

Let’s have the EU add more rules to “increase competition.”

The logic appears impossible.

The EU farce continues.

EU Proposes Rating Agencies Can Be SuedThe Wall Street Journal, November 15, 2011

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