SEC Addresses Credit Crisis & Commerce Talks Jobs Loss

The Securities and Exchange Commission (SEC) announced it has approved a series of measures to increase transparency and accountability at credit-rating agencies, and also ensure that firms provide more meaningful ratings and greater disclosure to investors. Such a move would help ensure lending institutions are only extending credit to qualified individuals and businesses. This increased accountability could work to reassure a shaken financial market and help to get credit flowing again before many businesses are forced to close or face bankruptcy.