Thursday, July 13, 2006

CREDIT-RATING INDUSTRY REFORM -- "Retooling the credit-rating industry, dominated by Standard & Poor's and Moody's Corp., would address one of the last major issues many business and consumer groups raised in response to a string of corporate scandals in recent years, beginning with the meltdown of energy trader Enron Corp. in the fall of 2001, which cost thousands of employees their jobs and investors and retirees billions of dollars in losses."