Financial Times, July 3, by Neil Roland
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080703/REG/395782074/1036&template=printart
Apart from the SEC’s proposal, there has been little movement by government agencies to ease the reliance on ratings, said Messrs. Talley and Hunt…. “Everyone seems in a bit of a quandary about what to put in place of the ratings,” Mr. Talley said.