Tag Archives: Credit Rating Agencies

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Demos: Highlights of the Dodd-Frank Reform Act

Click here to see this information on the Demos site. July 15, 2010 By Caleb Gibson Heather C. McGhee Today, the Senate votes to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, sending the landmark legislation to President Obama’s desk for signature next week. The

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Wall Street Reform: Credit Rating Agencies

Credit-ratings agencies had been held up historically as neutral arbiters of risk. That turned out to be far from the truth, as evidenced by the numerous mortgage-backed securities and other risky securities that states and municipalities in particular bought because they had been slapped with

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AFR Applauds Senate for Bringing Truth to Credit Ratings

Washington, DC – Americans for Financial Reform praises the Senate for passing Sen. Al Franken’s amendment to reduce conflict of interest for credit rating agencies. Heather Booth, Director, Americans for Financial Reform: “We are pleased the Senate took action on ensuring all the information provided

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New York Times: What About the Raters?

Everyone (except Wall Street bankers) seems to be outraged about Wall Street banks, which made billions by trading complex confections of dicey mortgages and then passed us the tab when the investments went belly up. But what about the agencies that bestowed triple-A ratings on