Wednesday 08th of February 2012

Financial Reform Meets First Huge Unintended Consequence as Ford Halts Bond Offering PDF Print E-mail

Joe Wiesenthal writes July 22 for The Business Insider:

Whenever you get new laws and "reform," unintended consequences are sure to follow.

Usually they take awhile.

Not so with Dodd-Frank.

WSJ reports that Ford has already yanked a bond deal, because the ratings agencies, fearing legal liability, won't let the automaker puts their ratings in the prospectus, making a sale impossible.

Read more: http://www.businessinsider.com/ford-halts-bond-offering-2010-7#ixzz0uR5n1S00

 

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