credit rating agencies news from FierceFinance
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The problem with the bank aid programs
The special inspector general with oversight over bank bailout activity has issued his second report to Congress, and it is not pretty, according to the New York Times. Neil Barofsky criticized the... Read more...
New rules for credit ratings agency
Do these new rules adopted by the SEC go far enough? Will they instill public confidence in all those credit ratings that proved so wrong? I guess we'll just have to see. These rules were proposed... Read more...
Congressmen criticize credit rating agencies
You know a hearing is going bad when a congressman start reading instant messages between two of your employees that goes like this: Official 1: By the way, that deal is ridiculous... Read more...
Credit rating agencies again lagging events?
Credit rating agencies have been beaten up pretty thoroughly in the credit crunch. Many would say they have been discredited. If only they hadn't rated all those subprime-backed CDOs AAA! In the wake... Read more...
What does KKR see in Neuberger Berman?
According to CNBC, Kohlberg Kravis Roberts has emerged as the leading candidate to buy Neuberger Berman, the mutual fund company owned by Read more...
Ratings agencies' practices under more fire
In its probe of credit rating agencies' practices, the Securities and Exchange Commission collected and reviewed more than 2 million emails and instant messages. Whew! It has uncovered a bevy of... Read more...
Charges in subprime mess coming?
Does this portend something big? The New York Times reports that credit ratings agencies are close to announcing a deal with New York Attorney General Andrew Cuomo that would revamp some of their... Read more...
