Wednesday, December 09, 2009

 

SEC targets rating agencies' role in meltdown

The Securities and Exchange Commission's enforcement chief says his staff is targeting Wall Street rating agencies and their role in the financial meltdown... The three dominant agencies -- Moody's Investors Service, Standard & Poor's and Fitch Ratings -- have been widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities, whose collapse touched off the financial crisis... Yahoo! Finance: SEC targets rating agencies' role in meltdown

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