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Full-Text Articles in Law
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
Stephen P Alicanti
By opining on the credit quality of structured debt products, credit rating agencies guide investment decisions and facilitate the debt capital markets. In the years leading up to the financial crisis of 2007, loans were commonly issued to individuals with poor credit histories and insufficient income. After those loans were originated, investment banks packaged them into securitized debt products and sold sections (tranches) to investors. Many of those products received credit rating agencies’ highest endorsement of creditworthiness. Despite their high ratings, those products failed during the financial crisis and devastated individual investors, investment banks, and insurance companies. The financial shockwaves …
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
Stephen P Alicanti
By opining on the credit quality of structured debt products, credit rating agencies guide investment decisions and facilitate the debt capital markets. In the years leading up to the financial crisis of 2007, loans were commonly issued to individuals with poor credit histories and insufficient income. After those loans were originated, investment banks packaged them into securitized debt products and sold sections (tranches) to investors. Many of those products received credit rating agencies’ highest endorsement of creditworthiness. Despite their high ratings, those products failed during the financial crisis and devastated individual investors, investment banks, and insurance companies. The financial shockwaves …
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
A Pattern Of Unaccountability: Rating Agency Liability, The Dodd-Frank Act, And A Financial Crisis That Could Have Been Prevented, Stephen P. Alicanti
Stephen P Alicanti
By opining on the credit quality of structured debt products, credit rating agencies guide investment decisions and facilitate the debt capital markets. In the years leading up to the financial crisis of 2007, loans were commonly issued to individuals with poor credit histories and insufficient income. After those loans were originated, investment banks packaged them into securitized debt products and sold sections (tranches) to investors. Many of those products received credit rating agencies’ highest endorsement of creditworthiness. Despite their high ratings, those products failed during the financial crisis and devastated individual investors, investment banks, and insurance companies. The financial shockwaves …