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Rating Agencies

Mark Gongloff

Another Pre-Crisis Wall Street Practice Returns | Mark Gongloff | Posted 08.01.2013 | Business

If you somehow missed out on all the fun of the last financial crisis, don't worry: We're apparently slowly building up to another one. The latest ...

Mark Gongloff

Credit Rating Agency Admits You Shouldn't Trust Its Credit Ratings | Mark Gongloff | Posted 04.23.2013 | Business

Here's yet another reason we may never trust credit-rating agencies again: One of the biggest of them has just suggested that we shouldn't. The rat...

This Just In: Credit-Rating Agencies Still Plagued By Incompetency

Mark Gongloff | Posted 01.16.2013 | Business
Mark Gongloff

The credit-rating agencies are like a miserable long-term relationship: You desperately want to end it, but can't imagine life without it.

Credit Rating Agency Takes Big Loss In Court

The Huffington Post | Mark Gongloff | Posted 11.05.2012 | Business

The only thing the credit-rating agencies lost in the financial crisis was their reputation, despite midwifing the disaster. Now they're at risk of lo...

Mark Gongloff

Moody's Downgrades Global Banks | Mark Gongloff | Posted 06.21.2012 | Business

Moody's just took a hatchet to the credit ratings of the biggest global banks. The rating agency on Thursday cut its rating for banks in the U.S., ...

Are Rating Agencies Acting in the Name of God?

Georges Ugeux | Posted 10.08.2011 | Business
Georges Ugeux

There is something fundamentally wrong in the rating agencies' approach: they unilaterally redefined their role from doing their job -- assessing the ability of sovereign issuers to service their debt -- to rating countries.

Poor Standards: 4 Steps to Ending the Rating "Agency" Racket

Richard (RJ) Eskow | Posted 10.08.2011 | Business
Richard (RJ) Eskow

S&P's agenda has appeared to be political for a long time, and it looks as if its retrofitting its "analysis" yet again to mirror the austerity economics goals of its paymasters. Here are four steps to end that racket now.

Wow, What a Week!

Lydia Fisher | Posted 10.06.2011 | Business
Lydia Fisher

It remains to be seen how the markets will adjust to the S&P downgrade, whether our creditors will demand higher rates. For now, matters "across the pond" appear worse.

Debt Ceiling Battle Offers House Republicans Untold Leverage

David Paul | Posted 09.16.2011 | Business
David Paul

Both the President and Senate leaders believe that the fear of default should provide enough motivation to get something done. But so far, the House leadership is not biting.

Reforming Sovereign Ratings: An Urgent and Complex Undertaking

Georges Ugeux | Posted 09.14.2011 | Business
Georges Ugeux

Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.

William Alden

Rating Agencies Repeatedly Caved To Banks' Demands And Helped Cause Crisis, Report Finds | William Alden | Posted 06.14.2011 | Business

NEW YORK -- The major credit rating agencies repeatedly sold out to Wall Street banks, so addicted to short-term profits that they sacrificed the accu...

Fixing FUBAR: Next Week in Washington D.C.

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

None of the issues I'll talk about next week at the Federal Housing Finance Agency's summit is new, and "financial reform" is late to the party and dead on arrival.

An S.E.C. Lawsuit Does Little to Strip Away the Secrecy Surrounding Certain AIG CDOs

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

A month ago, the S.E.C. alleged in a complaint that Thomas C. Priore's firm made all sorts of fraudulent transfers for the benefit of himself and ICP, at the expense of investors in the Triaxx CDOs.

Euro Crisis: EU About To Experience An American-Style Credit Crunch

McClatchy | Kevin G. Hall | Posted 05.25.2011 | Business

Q: Isn't this reminiscent of the turbulent fall of 2008? A: Yes. The fear gripping Europe is leading to a rise in short-term lending rates, and tha...

What Goldman-Sachs CEO Should Have Told Congress

Richard Greener | Posted 05.25.2011 | Business
Richard Greener

Perhaps Robert V. Marrow ought to consider a career on Wall Street. Better yet, isn't there a Senatorial election coming up in New York? Either way, it appears the public would be better served than it is today.

Let's Dump The Rating Agencies

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

The time has come to recognize that rating agencies are research firms, and they are not deities endowed with inalienable rights to dictate the quality of investments.

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

Ratigan: Dodd's Financial Reform Bill Doesn't Go Far Enough (VIDEO)

Posted 05.25.2011 | Politics

Dylan Ratigan ridiculed the Senate's financial reform bill Thursday and argued that it wasn't enough to protect the country from another financial col...

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

An Interview With Joseph Stiglitz -- Regulation and the Euro Zone

Lia Petridis Maiello | Posted 05.25.2011 | Business
Lia Petridis Maiello

Stiglitz explains the future of the Euro Zone, how it was possible to create a moral vacuum on Wall Street, why US citizens do not take their anger to the streets and how the US should follow Greece and start regulating now.

Bill Supposed To Tighten Rules On Ratings Agencies Has Big Loopholes

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Business

A key House of Representatives committee is set to vote soon on legislation that would overhaul financial regulation and produce greater transparency ...

Despite Financial Crisis, Credit Rating Agencies Skirt Overhaul | DAVID SEGAL | Posted 05.25.2011 | Business

When the financial crisis began, few players on Wall Street looked more ripe for reform than the Big Three credit rating agencies... So as Washing...

A Reasonable Case For Regulation

Rep. Jackie Speier | Posted 05.25.2011 | Politics
Rep. Jackie Speier

How would you feel if you discovered that a highly-rated bond received its grade not because the company is strong, but because the rating agency assumed the government would bail the company out?

Raiting Agencies Escape Overhaul In Recent Bill | Joanna Chung and Aline van Duyn in New York | Posted 05.25.2011 | Business

Credit rating agencies would face a raft of new disclosure rules and restrictions but would not be forced to overhaul their business models under prop...