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Credit Rating Agencies

Despite Financial Crisis, Credit Rating Agencies Skirt Overhaul

nytimes.com | DAVID SEGAL | Posted 12.07.2009 | Business

Read More: Wall Street, Economy, Economic Crisis, Standard and Poor, Rating Agencies, Credit Rating Agencies, Big Three Credit Rating Agencies, Financial Crisis, Credit Rating, Moody's, Business News

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...

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How Credit Raters Fended Off Oversight From Congress And The SEC

Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 11.11.2009 | Business

Read More: Christopher Dodd, Paul Kanjorski, Chuck Shumer, Securities and Exchange Commission, Charles Schumer, Regulatory Reform, Derivatives, Floyd Abrams, Financial Crisis, Credit Rating Agencies, Sec, Chris Dodd, Huffington Posts Investigative Fund, Business News

Editor's Note: This is the second of three articles by the Investigative Fund on the credit rating companies. Read the first article here. When the n...

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Help Us Investigate: Rating Agencies

Huffington Post Investigative Fund | Adam Clark Estes | Posted 11.04.2009 | Eyes & Ears

Read More: Fitch Ratings, Standard, Citizen Journalism, Standard and Poor, Financial Crisis, Credit Rating Agencies, Moody's, Huffington Post Investigative Fund, Eyes & Ears News

The Huffington Post Investigative Fund continuing to report on the causes and consequences of the financial crisis. Ben Protess, who published the fir...

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Credit Rating Agencies and the Next Financial Crisis

Rep. Edolphus Towns | Posted 10.19.2009 | Business

Read More: Wall Street Crisis, Wall Street, Bailout, Finance, Financial Reform, Business News, Congressional Oversight, Financial Crisis, Credit Rating Agencies, Business News
Rep. Edolphus Towns

The Moody's business model of "Leave No Fingerprints" might be alright if the credit rating agencies had not played a starring role in the collapse of the financial system. For that reason, this cannot continue.

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Newsweek: Credit Rating Agencies Are Getting Off Easy

newsweek.com | Michael Hirsh | Posted 12.01.2009 | Business

Read More: S, Fitch Ratings, Moody's, Michael Hirsh, Credit Rating Agencies, Newsweek, Business News

Moody's and Standard & Poor's, the two giants of the industry, are still around despite causing the loss of hundreds of billions of dollars by badly r...

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Shahien Nasiripour

Credit Rating Agency Analysts Covering AIG, Lehman Brothers Never Disciplined

HuffingtonPost.com | Shahien Nasiripour | Posted 11.30.2009 | Business

Read More: Fitch Ratings, Standard, Lehman Brothers, Credit Rating Agencies, Financial Crisis, Aig, Business News

Analysts at the three biggest credit rating agencies who gave positive, investment-grade ratings to AIG and Lehman Brothers up until their collapse ha...

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Eric Kolchinsky, Moody's Whistleblower: Ratings Are Still Inflated, Nothing's Changed

The Huffington Post | Ryan McCarthy | Posted 11.23.2009 | Business

Read More: Eric Kolchinsky, Standard and Poor's, S, Moody's Whistleblower, Credit Rating Agencies, Fitch, Moody's, Kolchinsky, Business News

As the big three credit rating agencies -- Moody's Investor Service, Standard & Poor's and Fitch Ratings -- prepare to face the scrutiny of the House ...

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California Attorney General Brown To Launch Investigation Into Rating Agencies' Role In Fueling The Financial Crisis

The Huffington Post | Posted 11.16.2009 | Business

Read More: Attorney General Jerry Brown, Credit Ratings, California, Economics, Jerry Brown, Economic Crisis, Credit Rating Agencies, Financial Crisis, U.S. Economic Crisis, Wallstreet, Wall-Street, Business News

California AG Jerry Brown joins the ranks of Attorneys General to scrutinize the disastrous role the credit rating agencies played in the financial cr...

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Up To Old Tricks, Wall Street Repackages Bad Mortgages

AP | By MATT APUZZO | Posted 09.24.2009 | Business

Read More: Mortgage Crisis, Credit Rating Agencies, Mortgages, Housing Bubble, Business News

WASHINGTON -- Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would...

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Remember That Whole Thing About Fixing Our Financial System?

Arianna Huffington | Posted 09.06.2009 | Business

Read More: Bailout Outrage, Elizabeth Warren, Wall Street Bailout, Derivatives, Credit Rating Agencies, Larry Summers, Reform, Bank Bonuses, Ron Paul Fed, Bailout, Wall Street, Consumer Financial Protection Agency, Fed Transparency Issues, Regulatory Reform, Timothy Geithner, Cfpa Obama, Executive Compensation, Wall Street Bonuses, Fed Audit, Financial Regulation, Business News
Arianna Huffington

"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.

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Ryan Grim

Barney Frank, GOP Go After Credit Rating Agency Dominance

HuffingtonPost.com | Ryan Grim | Posted 08.15.2009 | Business

Read More: Credit Ratings, Credit Rating Agencies, Gop Credit Rating Agencies, Credit Rating, Barney Frank, Barney Frank Credit Rating Agencies, Business News

Credit rating agencies have it pretty good. By law, banks are required to use one of three agencies to rate financial products, so no amount of dismal...

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Marcus Baram

Credit Rating Agencies Spared Major Reforms In Obama's Overhaul

HuffingtonPost.com | Marcus Baram | Posted 07.18.2009 | Business

Read More: Obama Financial Overhaul, Rating Agencies Reforms, Issuer-Pay Model, Credit Rating Agencies, Standard & Poor's, Fitch Agency, Obama Credit Rating Agencies, Moody's, Business News

They've been called the culprits of the financial crisis but their role has remained largely unexamined. And they were largely spared any major reform...

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Credit Ratings Accused Of Reaping Profits As Regulators Fail

Bloomberg News | Posted 05.31.2009 | Business

Read More: Moody's, Standard, Credit Ratings, Credit Rating, Credit Rating Agencies, Business News

Ron Grassi says he thought he had retired five years ago after a 35-year career as a trial lawyer. Now Grassi, 68, has set up a war room in his Tah...

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Credit Rating Agency Scandals Ignored by US

Diane Francis | Posted 05.29.2009 | Business

Read More: Standard & Poors, Financial Crisis, Credit Rating Agencies, Sec, Banking Crisis, Wall Street Crisis, Wall Street, Economic Crisis, Moody's, Business News
Diane Francis

Credit rating agencies contributed to the current economic collapse. They were paid fees by banks who sometimes pressured or shopped around for the most favorable risk assessments, an obvious conflict of interest.

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The Rating Agencies, A Key Reason For The Recession, Get Primed For An Overhaul

Huffington Post | Julie Satow | Posted 05.17.2009 | Business

Read More: Credit Rating Agencies, Wall Street Credit Rating Agencies, Credit Crisis, Credit Crunch, Rating Agency Liability, Business News

Much attention is being paid to the $12.1 trillion government bailout, and where that money is going. But the root cause that has created the need for...

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Reel in the Credit-Rating Agencies

Eric C. Anderson | Posted 04.24.2009 | Business

Read More: Politics, Federal Reserve, Timothy Geithner Treasury Secretary, Economy, Credit Ratings, Credit Rating Agencies, Sec, Geithner Plan, Geithner Bailout, Business News
Eric C. Anderson

Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.

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Republicans' 4% Mortgage "Stimulus" Is Latest Ponzi Scheme

Ronald B. Robinson | Posted 03.08.2009 | Politics

Read More: Fha, Depression, Melvin Oliver, Sec, Mitch McConnell, Housing, New Deal, Social Security, Black Wealth White Wealth, Stimulus, Black, Republican First Principles, Mortgage Crisis, Redlining, Eugencis, Wealth, Predatory Lending, African American, Loans, Ponzi Scheme, Construction, Subprime, Bernie Madoff, Rush Limbaugh, Obama, Media, Politics, Bailout, Economy, Race, White House, Financial Crisis, Bignews, Paulson, Foreclosure Crisis, Credit Score, Great Depression, Credit Rating Agencies, Freddie Mac, 4% Morgage, Fanie Mae, Politics News
Ronald B. Robinson

Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!

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Dear Too Big To Fail

Robyn Blumner | Posted 01.11.2009 | Business

Read More: Ecomomic Meltdown, Recession, Credit Rating Agencies, Citigroup, Too Big to Fail, Job Losses, CEO Pay, Bankruptcy, Economy, Middle Class, Economic Crisis, Fraud, Layoffs, Ceos, CEO Bonuses, Financial Crisis, Personal Debt, Business News
Robyn Blumner

If I had turned an ungodly profit by putting my seal of approval on investments that turned out to be garbage, I'd be deeply worried about personal liability and jail.

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Debt Watchdogs: Tamed Or Caught Napping?

New York Times | GRETCHEN MORGENSON | Posted 01.07.2009 | Business

Read More: Economic Crisis, Credit Rating Agencies, Moody's, Financial Crisis, Wall Street Credit Rating Agencies, Credit Agencies, Wall Street, Business News

"These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both." -- A Mo...

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