Despite Financial Crisis, Credit Rating Agencies Skirt Overhaul
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...
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...
Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 11.11.2009 | Business
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...
Huffington Post Investigative Fund | Adam Clark Estes | Posted 11.04.2009 | Eyes & Ears
The Huffington Post Investigative Fund continuing to report on the causes and consequences of the financial crisis. Ben Protess, who published the fir...
Rep. Edolphus Towns | Posted 10.19.2009 | Business
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.
newsweek.com | Michael Hirsh | Posted 12.01.2009 | Business
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...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.30.2009 | Business
Analysts at the three biggest credit rating agencies who gave positive, investment-grade ratings to AIG and Lehman Brothers up until their collapse ha...
The Huffington Post | Ryan McCarthy | Posted 11.23.2009 | Business
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 ...
The Huffington Post | Posted 11.16.2009 | Business
California AG Jerry Brown joins the ranks of Attorneys General to scrutinize the disastrous role the credit rating agencies played in the financial cr...
AP | By MATT APUZZO | Posted 09.24.2009 | Business
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...
Arianna Huffington | Posted 09.06.2009 | Business
"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.
HuffingtonPost.com | Ryan Grim | Posted 08.15.2009 | Business
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...
HuffingtonPost.com | Marcus Baram | Posted 07.18.2009 | Business
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...
Bloomberg News | Posted 05.31.2009 | Business
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...
Diane Francis | Posted 05.29.2009 | Business
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.
Huffington Post | Julie Satow | Posted 05.17.2009 | Business
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...
Eric C. Anderson | Posted 04.24.2009 | Business
Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.
Ronald B. Robinson | Posted 03.08.2009 | Politics
Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!
Robyn Blumner | Posted 01.11.2009 | Business
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.
New York Times | GRETCHEN MORGENSON | Posted 01.07.2009 | Business
"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...
nytimes.com | DAVID SEGAL | Posted 12.07.2009 | Business