Credit Crisis: Where Was the SEC?
Forbes February 6, 2008
by Liz Moyer

(Forbes.com) --"Many credible people were public about their dissatisfaction with the mortgage loan market," says Janet Tavakoli, a structured finance expert with her own Chicago consulting firm.

She blames the ratings agencies for flawed ratings methodologies. The Fed and the SEC, among other regulators, are just packs of economists and lawyers.


[JT Note: My position is that the lion's share of the blame belongs to the investment bank/underwriters that financed shaky mortgage lenders originating unprecedented risky mortgage loan products in huge volume.]

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