id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-2899	Schmid, Olivia	Rebuilding the Fallen House of Cards: A New Approach to Regulating Credit Rating Agencies	2012	55	.pdf	application/pdf	17909	765	52	With the growth of securitization and innovative, structured finance products, the inherent conflicts of interest present in the issuer-pays model followed by CRAs became even more problematic, as rating agencies faced greater competitive pressures to appease their clients-the issuers of debt-than they did when they were rating only corporate bonds. The Dodd- Frank approach to dealing with the CRAs' conflict of interest problem has been associated with the Franken Proposal, which will be officially implemented if no better solution is presented by 2012.3 This Note analyzes the pros and cons of the Franken Proposal and its alternatives, concluding that an even better solution may exist for regulating the conflicts of interest that rating agencies face.	cache/cblr-2899.pdf	txt/cblr-2899.txt