This chapter: (i) explains why private-sector Credit Rating Agencies (CRAs) and their ratings opinions are unconstitutional (with emphasis on CRAs that rate corporate, municipal and government financial-instruments); (ii) explains why government bailouts/bail-ins are motivated by Constitutional Politica...
light-vehicle sales forecast calls for an increase of 2% in 2024. However, several new issuers came to market in 2023--primarily credit unions and other banks. Credit unions benefit from safe harbor treatment (due to past legislation changes), which creates advantag...