The attorney general of Ohio sued the country’s largest credit rating agencies on Friday, alleging that they had cost...
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CREDIT-RATING AGENCY REFORM
Credit-rating agencies -- the two biggest are Standard & Poor's and Moody' s-- assess and grade the creditworthiness of companies and public entities that issue debt and the debt itself. These financial gatekeepers, which are paid by the issuers they rate, influence an issuer’s ability to raise or borrow money. Long criticized for conflicts of interest, as the current financial crisis gained momentum, the agencies were derided for failing to identify risks in mortgage securities. New legislation is in the works to reform the regulation of credit-rating agencies.
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Standard & Poor's warned Wednesday that Warren Buffett's bid for Burlington Northern Santa Fe Corp.
Just when you think you have all the bases covered in applying for your mortgage loan, Fannie Mae and Freddie Mac have...
A U.S. judge refused to dismiss a lawsuit accusing the rating companies Moody’s Investors Service Inc.
A key House lawmaker on Wednesday defended legislation he introduced to reform credit rating agencies - including a...
Proposed U.S. legislation to make credit-ratings companies liable for one another’s missteps would discourage...
Why there's been a lot of talk about protecting consumers but little action.
Throughout the financial crisis, major credit-ratings firms were criticized for their overly rosy ratings of complex...
| I plan to rebalance soon. I like Vanguard Total Bond Market ETF (BND) due to its low expense ratio. I think I have to...
Two former Moody's Investors Service employees detailed allegations of misconduct at the big ratings firm as U.S.
Jules B. Kroll, who built a big business as an aggressive corporate sleuth, is planning to create a competitor for the...
These days, many small businesses can't afford to write off debts from customers who don't pay. That makes business...
At the heart of the problem is that it is legal for companies and other issuers of securities to give confidential...
The SEC voted to seek comment on whether credit agencies should be categorized as "experts" under securities...
Cramer’s biggest gripe is that these agencies – Standard & Poor’s, Moody’s and Fitch, among others – are paid by...
Credit rating agencies may find it harder to argue that their opinions deserve free speech protection after a judge...
Investors who believe that major credit-rating firms should be held responsible for their disastrously optimistic...
The ratings agencies are facing heavy selling pressure after a judge rejected their longtime defense that they are...
The recent financial meltdown demonstrated that credit rating agencies were blind to the dangers ahead.
The Obama administration is resisting calls to help ensure that credit ratings are reliable, saying this would force...
The Obama administration's plan to reform credit rating agencies, considered key contributors to the economic crisis...
US-based credit rating agencies helped cause and accentuate the current economic crisis. Yet in President Barack...
Publisher McGraw Hill has dropped my friend Barry Ritholtz's much-touted book Bailout Nation, just weeks before its...
Until a few months ago, overhauling the rating agencies looked like the proverbial low-hanging fruit of financial...
The nation’s largest public pension fund has filed suit in California state court in connection with $1 billion in...
Top Sources: Credit-Rating Agency Reform
- bogleheads.org
- New York Times
- bloomberg.com
- Reuters
- online.wsj.com
- findsouthwestfloridahomes.com
- Philip Greenspun's Weblog
- google.com
- fastcompany.com
- MarketWatch
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