You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #41: I think they've already found ways around it, and regulators will soon cave anyhow. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 04:06 PM
Response to Original message
41. I think they've already found ways around it, and regulators will soon cave anyhow.
Edited on Thu Jul-22-10 04:16 PM by girl gone mad
From Barclays:

"The repeal was ostensibly intended to make rating agencies more accountable for the quality of the ratings they give, without causing the securitization process to seize. However, given the position of Moodys, Fitch, and S&P, it appears that issuance of public securitizations is likely to grind to a halt in the near term. Consumer ABS has been the primary generator of new issue activity in the securitization market for the past 18 months, and we do not believe Congress was seeking to reverse those gains. We view the repeal of Section 436(G) as a temporary speedbump that will likely reduce issuance volume significantly for a while. Nevertheless, there are solutions, including a move by issuers to the private/144a market, where public filings with the SEC are not required (remove the filing requirement, and the rating agency liability is also removed). Alternatively, the SEC and the industry could proactively work together to alleviate the obvious unintended consequence of repealing Section 436(G). Although the former may take center stage initially, we believe the latter is a more viable long-term solution."

Not much to get hopes up over.
Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC