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Barry Summers's List: Ratings Agencies
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Jun 15, 09
The beatings will continue until morale improves.
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Jul 16, 09
Credit rating agencies have it pretty good. By law, banks are required to use one of three agencies to rate financial products, so no amount of dismal performance (see the global financial meltdown caused by supposedly AAA-rated instruments) threatens to cost them customers.
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Sep 24, 09
"It's like prostitution. It's a crime but it's feeding a need."
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Oct 29, 09
Editor's note: This is the first of three articles by the Investigative Fund on the credit rating companies. For two decades, the nation's top credit rating agencies have managed to fend off a crackdown from Washington by relying on a surprising ally - the First Amendment.
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