Winners and losers in Dodd's financial reform bill[Thomson Reuters]

CREDIT RATING AGENCIES -LOSE
Credit rating agencies such as Moody's Corp, Standard & Poor's and Fitch Ratings would be subject to greater liability under
Dodd's latest bill. Securities and Exchange Commission gets authority to deregister rating agencies for providing bad ratings over time Regulators required to remove unnecessary references to ratings in their regulations

LARGE BANKS - WIN AND LOSE
Fed continues to supervise banks such as Citigroup with assets over $50 billion Large financial firms such as Bank of America would have to pay into a $50 billion fund that would be used to liquidate, resolve a large troubled firm Banks such as Goldman Sachs could be prohibited from proprietary trading and investing in hedge funds and private equity funds


ID_Mar_16_2010