US Senate slams rating agencies for ‘collusion’ with Wall Street
A US Senate oversight committee has criticised rating agencies Moody's and Standard & Poor's (S&P), alleging that they sold AAA ratings to investment banks for portfolios of assets that they knew to be a considerable default risk.
Carl Levin, chair of the US Senate Permanent Subcommittee on Investigations, slammed the two ratings agencies for allowing their commercial relationships with the investment banks to compromise their autonomy. He was speaking at a committee hearing on the financial crisis on 23 April...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
- Article
US Senate slams rating agencies for ‘collusion’ with Wall Street - Subscription
The Insurance Insider
Follow us:
