Saturday, October 01, 2011

THE RATINGS AGENCIES ARE ALL INFECTED

The malfeasance that helped create the Housing Bubble wasn't limited to the Big 3: S& P, Moody's, Fitch.
SEC finds 'apparent failures' at credit rating agencies
30 September 2011 Last updated at 13:10 ET
BBC News

The Securities and Exchange Commission (SEC) has discovered "apparent failures" at 10 credit rating agencies.

The other credit rating agencies covered in the SEC's annual report are AM Best, DBRS, Egan-Jones, Japan Credit, Kroll Bond, Morningstar, and Rating and Investment Information.

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