Items Tagged with 'President's Working Group'

ARTICLES

  • Policymakers Weigh In: "There is No Silver Bullet" For Credit Crisis

    In widely-anticipated remarks delivered today, U.S. Treasury Secretary Henry Paulson discussed a newly-released report by the President's Working Group on Financial Markets that makes broad recommendations for policy and legislative action in the months ahead. The group -- which includes the Treasury, the Fed, FTC and SEC -- had been tasked by the President with analyzing current market turmoil and putting recommendations in place to prevent such a scenario from playing out again.
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  • SEC Looking to Revamp Role of Rating Agencies Amid Mortgage Mess

    The Securities and Exchange Commission, recently given regulatory authority over the rating agencies, said Thursday that it is leading a series of wide-ranging reviews into the role rating agencies have played in the current mortgage industry meltdown. SEC chairman Christopher Cox said yesterday that the President's Working Group on Financial Markets is examining the "the role of credit rating agencies in lending practices ... and how securitization has changed the mortgage industry."
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