John C. Coffee, Jr., Adolf A. Berle Professor of Law at Columbia University Law School and director of its Center on Corporate Governance, reviews two amendments to the "Restoring American Financial Stability Act of 2010" addressing credit ratings agencies. Both proposed bold and easily understood answers to a complex problem, he writes, but they follow divergent and ultimately inconsistent paths.
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Corporate Update
D.C. Action Threatens Unintended Consequences
New York Law Journal
May 20, 2010
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