FINALLY, HEARINGS ON THE RATS AT THE RATINGS AGENCIES

Moody's, Fitch and Standard & Poor's are finally being investigated by Congress. The Diane Rehm Show had a segment on this today and you can get the audio here.

10:00 Credit Rating Agencies and the Financial Crisis

Congress turns up the heat on the nation's credit rating agencies. A House committee investigates how inaccurate credit ratings contributed to last year's financial meltdown and whether new regulations are needed.
Guests

Michael Hirsh, senior editor and national economics correspondent at Newsweek.

Alex Pollock, resident fellow at the American Enterprise Institute, and former president and CEO of the Federal Home Loan Bank of Chicago.

Frank Partnoy, George E. Barrett professor of law and finance, University of San Diego.

Congressman Edolphus Towns, chairman, House Committee on Oversight and Government Reform.

Floyd Abrams, partner at the law firm Cahill, Gordon and Reindel, LLP.

You can also find prepared statements from the Committee on Oversight and Government Reform site here.