Daily Archives: August 6, 2011

Nader’s warnings to rating agencies

Ralph Nader quotes conservative writer Holman Jenkins in telling the S&P and other ratings agencies, “it is foppish in the extreme of S&P to imagine its opinion is needed or valued, and one more reason to expedite a rare useful provision of Dodd-Frank – it’s requirement that federal law be purged of language requiring investors to act on the opinions of rating agencies.” [read more]