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Transcript: MUNICIPAL FINANCE:SEAN EGAN
- Article from:
- Congressional Testimony
- Article date:
- May 21, 2009
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Congressional Testimony
05-21-2009
Statement of Sean Egan Co-Founder & Managing Director Egan-Jones Ratings
Co. Committee on House Financial Services May 21, 2009 I appreciate the
invitation to present testimony on the Committee`s pending proposals to
improve the oversight of the municipal finance market. These proposals
include: (1) federal reinsurance; (2) a targeted liquidity program comparable
to what the Federal Reserve has done in other areas of the capital markets;
(3) SEC registration of municipal finance advisors; and, (4) the establishment
of more specific standards for credit analysis and related functions for
Nationally Recognized Statistical Rating Organizations (NRSROs). ...