Tag:
Methodology
Latest Headlines
Latest Headlines
SEC takes credit ratings companies to task
So far, Standard & Poor's has been the only credit rating agency to face charges by the SEC for actual rating work performed ahead of the financial crisis. But it's no secret that Moody's and Fitch were offering similar services.
No one would be surprised if they end up facing charges as w
Citibank COO to take over as president of S&P
Deven Sharma's decision to step down as president of beleaguered Standard & Poor's could easily be interpreted as a move by the board to appease its many critics and government investigators. But according to the New York Times , the decision was more complex and was set in motion even befo
Standard & Poor's math criticized, pressure mounts
It's fair to say that Standard & Poor's is not faring well in the court of pundit opinion. Even those who think that the decision to shift the rating on long-term Treasuries from AAA to AA+ was right nevertheless think S&P was wrong--owing to an opaque methodology that's being roundly crit
Ratings agencies can't win
Standard & Poor's, Moody's and Fitch have all been roundly criticized for their rosy ratings of mortgage-backed-related issues. They didn't start downgrading until it was way too late. Ever sensitive to the criticism, you can't blame them for considering methodology changes to commercial mortg
The man in the middle of the Madoff mess
Irving Picard knows well that you can't please everyone all the time. Serving as a trustee who has been appointed to sort through the mess and make amends when possible, there are plenty of people mad at him. But what can he do? The largest Ponzi scheme in history is bound to be complex.
The
