Айнхорн!

[birdwatcher]

"I have titled today’s talk Good News for the Grandchildren. By that, I mean that I do not believe that there is a need to worry that today’s debts will be passed on to our current youth. Before this recession it appeared that absent action, the government’s long-term commitments would hit a wall in a few decades. I believe the government response to the recession has created budgetary stress sufficient to bring about the crisis much sooner."

Comments

[induke.livejournal.com]

Congress has a unique opportunity in the current effort of regulatory
reform to eliminate the credit rating system.

Здрасьти

[birdwatcher.livejournal.com]

Он про это (http://en.wikipedia.org/wiki/Credit_rating_agency#Ratings_use_by_government_regulators):

Regulators use credit ratings as well, or permit ratings to be used for regulatory purposes. For example, under the Basel II agreement of the Basel Committee on Banking Supervision, banking regulators can allow banks to use credit ratings from certain approved CRAs (called "ECAIs", or "External Credit Assessment Institutions") when calculating their net capital reserve requirements. In the United States, the Securities and Exchange Commission (SEC) permits investment banks and broker-dealers to use credit ratings from "Nationally Recognized Statistical Rating Organizations" (or "NRSROs") for similar purposes. The idea is that banks and other financial institutions should not need keep in reserve the same amount of capital to protect the institution against (for example) a run on the bank, if the financial institution is heavily invested in highly liquid and very "safe" securities (such as U.S. government bonds or short-term commercial paper from very stable companies).