On the recordMay 18, 2009
If that's the case, I have a proposal, at least when it comes to municipal bonds, to simply require agencies to base their opinion on the ability to repay that debt.
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congress.govIf that's the case, I have a proposal, at least when it comes to municipal bonds, to simply require agencies to base their opinion on the ability to repay that debt.
Capuano suggests requiring credit agencies to focus solely on repayment ability for municipal bonds.
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Unfortunately, H.R. 5037, seems to be aimed directly at the Martin Act, and by preempting these State laws, the bill would allow small-time fraud to run rampant.
I actually like PHMSA. I like, when you do stuff, you seem to do it pretty well.
I am a little bit more than frustrated, to be honest with you. I am kind of angry.
the concept of taking protections away from small investors just strikes me as anathema.