July 23, 2010 Reading Time: < 1 minute

“A minor rule change in the law unexpectedly shut down the market for selling new bundles of car loans and consumer loans after bond issuers, ratings agencies and the Securities and Exchange Commission found themselves caught in a tangle of old and new regulations.

The SEC intervened Thursday afternoon, but traders viewed the incident as a warning that more dust-ups could come as the gargantuan law makes the leap from paper to reality.” Read more.

“New Financial Rulebook Tangles Loan Bundlers, Rating Agencies”
Jia Lynn Yang
The Washington Post, July 23, 2010.
Image by Bill Longshaw / FreeDigitalPhotos.net.

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