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Credit Rating Agencies

'Big Bang' Budget Bad for Illinois

Emily J. Miller | Posted 09.11.2014 | Chicago
Emily J. Miller

In a recent editorial, the Wall Street Journal wrote a disastrous economic prescription for Illinois, one that calls for a "big bang" of the sort that has blown up Kansas' budget and turned that state into a poster child for reckless and short-sighted financial management.

SEC Chair Mary Jo White's Upcoming Test

Micah Hauptman | Posted 10.18.2014 | Business
Micah Hauptman

The indications we've been given -- although no one is willing to state definitively what the final rule is likely to include -- suggest that we shouldn't get our hopes up that our chief concerns will be comprehensively or even meaningfully addressed. We hope we are reading those indications wrong.

Will New York City Lead the Fight Against Employment Discrimination?

Amy Traub | Posted 06.11.2014 | New York
Amy Traub

The nation's for-profit credit reporting companies, which developed credit reports as a tool for lenders, have sought new markets for their product and aggressively marketed them to employers -- evidence be damned.

Why The U.S. Is Partially To Blame For Puerto Rico's Debt Crisis

The Huffington Post | Adriana Usero | Posted 02.27.2014 | Politics

WASHINGTON -- Puerto Rico's debt crisis results from the island's status as a United States territory lacking the benefits of statehood, according to ...

Controlling Risk in a World of Risks

Dominique de Villepin | Posted 02.11.2014 | World
Dominique de Villepin

Now is the time for a new globalization, that can be either multipolar, based on fair development, stability and innovation or confrontational, based on privileges, speculation and inequities. This means making choices and changes in many sectors: let's begin with credit rating.

Do Credit Repair Services Really Work?

Simple. Thrifty. Living. | Posted 12.28.2013 | Business
Simple. Thrifty. Living.

Credit repair is not a guaranteed fix of your credit score, but if you go in knowing the risks and pick a company with a good reputation and money-back guarantee, you can hopefully avoid being burned.

How Mariano Rivera Can Help You Hit a Home Run With Your Credit

Jeanne Kelly | Posted 10.03.2013 | Business
Jeanne Kelly

As an avid Yankees fan, I'm very sad to see Mariano "Mo" Rivera retire after 19 seasons in major league baseball. But I'm excited by the lessons we can all learn from him and how they can help you improve your credit.

Mark Gongloff

Another Pre-Crisis Wall Street Practice Returns

HuffingtonPost.com | 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 ...

How Ratings Agencies Helped Trigger The Financial Crisis

Rolling Stone | Posted 06.23.2013 | Business

It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents s...

Eleazar David Melendez

This Looks Familiar

HuffingtonPost.com | Eleazar David Melendez | Posted 05.16.2013 | Business

NEW YORK -- Huxley Sommerville, group managing director at Fitch Ratings, increasingly fears another massive financial crisis. Ask him why and he tell...

Mark Gongloff

Credit Rating Agency Admits You Shouldn't Trust Its Credit Ratings

HuffingtonPost.com | 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...

Quarterly Check-up: The Fast, Easy Way to Better Credit

Jeanne Kelly | Posted 03.26.2013 | Business
Jeanne Kelly

Like your car or your body, your credit is something that needs a regular review so that it keeps getting healthier and doesn't "deteriorate" on you.

The S&P Lawsuit Shouldn't Leave Investors Feeling Too Moody

Justin Cash | Posted 04.22.2013 | Business
Justin Cash

Animosity towards ratings agencies has resulted in the widespread distrust of their predictive capacities on the part of many in the world of finance. At best, many investors now see the ratings given by S&P et al. as meaningless posturing, and at worst as complete untruths.

Warning! Wikipedia Will Make Your Financial IQ Drop (Update)

Janet Tavakoli | Posted 03.07.2013 | Business
Janet Tavakoli

If you want to know why relying on information supplied on the internet by anonymous strangers is a bad idea, look no further than Wikipedia's articles on finance.

Moody's Smacks Down Credit Agency Rival

AP | Posted 04.17.2013 | Business

NEW YORK (AP) — Moody's Investors Service on Friday downgraded The McGraw-Hill Cos., citing the company's plans to sell its education business and t...

Is Wall Street's Business Model Corrupt?

Les Leopold | Posted 04.14.2013 | Business
Les Leopold

When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?

Bad News For S&P

Reuters | Posted 02.08.2013 | Business

NEW YORK (Reuters) - New York Attorney General Eric Schneiderman has kicked off an investigation into three major credit ratings agencies, according t...

Feds, States To Charge S&P

Reuters | Posted 02.04.2013 | Business

Feb 4 (Reuters) - Federal and state prosecutors intend to bring civil charges against Standard & Poor's for wrongdoing in its rating of mortgage bonds...

'The Biggest Privacy Breach In Our Time'

The Huffington Post | Caroline Fairchild | Posted 01.30.2013 | Business

Financial information is considered by most to be very private, but that isn’t stopping one credit reporting agency from sharing it without your kno...

There's a Chance Your Credit Report Is Wrong and the New Consumer Agency Is Hamstrung

Jane White | Posted 02.05.2013 | Business
Jane White

Why don't we have tougher laws that prohibit banks and credit card companies from fabricating negative credit scores so that they can charge higher interest rates and laugh all the way to the bank?

Zach Carter

Fiscal Cliff Primer: Can America Default On Its Debt?

HuffingtonPost.com | Zach Carter | Posted 11.21.2012 | Politics

No.* *We explain in the video above....

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.

An Uneasy Justification for Prosecutorial Abdication in the Subprime Industry

Bradley T. Borden | Posted 01.07.2013 | Business
Bradley T. Borden

Although some reasons may appear to support prosecutorial abdication, the size and scope of damages suggest individual wrongdoing must have led to the subprime crisis and that individuals should be prosecuted.

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...

Moody's in a Mood

Robert Reich | Posted 11.12.2012 | Business
Robert Reich

Apparently the credit rating agencies can't decide which is more dangerous to the U.S. economy -- cutting the U.S. budget deficit too quickly, or not having a plan to cut it at all.