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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 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...
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...
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...