Friday, September 11, 2009
Rating Agencies "Under Siege": Einhorn Right to Be Short, Rosner Says
On Oct. 22, 2008, the House Committee on Government Oversight and Reform held a hearing entitled: "Credit Rating Agencies and the Financial Crisis."
At the time, there was a lot of talk about restructuring the industry and possible ramifications for the triple-A ratings placed on subprime securities that later turned out to be junk (at best). But as with the effort to re-regulate Wall Street as a whole, the focus on rating agencies dimmed in subsequent months...
Yahoo! Finance: Rating Agencies "Under Siege": Einhorn Right to Be Short, Rosner Says
At the time, there was a lot of talk about restructuring the industry and possible ramifications for the triple-A ratings placed on subprime securities that later turned out to be junk (at best). But as with the effort to re-regulate Wall Street as a whole, the focus on rating agencies dimmed in subsequent months...
Yahoo! Finance: Rating Agencies "Under Siege": Einhorn Right to Be Short, Rosner Says
Permalink posted by markw @ 10:42 AM 
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