Credit ratings agencies have a conflict of interest. They are often paid by the organisation whose bonds/securities they rate. This article points out that Moody's changed its ... the boom years to cover up exactly how risky some of Countrywide's products were. It seems to me the system of credit rating is broken and needs urgent regulation and reform. In addition, some of the individuals ...

... of nature would not also apply to other overleveraged, undercapitalized economies? Not likely! If the agencies are crying wolf, dear reader, your lamb dinner ... familiar 130% of total disposable income. It doesn't take a ratings agency to figure out that consuming more than one produces must ... credit squeeze either. Joel Bowman for The Daily Reckoning Australia Similar Posts:Ratings Agencies ...

... lawsuit against 3 national-ratings agenciesYoungstown Vindicator“Investments in mortgage-backed securities were nowhere near as safe as the rating agencies assured investors they would be,” he said. …S&P, Moody's ... agencies for public pensionsThe Associated PressOhio AG suing credit raters over retirement fund lossesBizjournals.comAFP -Examiner. ...

... & Poor's are picking up (most of) their toys and going home, withdrawing their applications to offer corporate debt ratings. The lily-white ratings agencies object to a new rule, coming into force on Jan 1., ... markets." And S&P has never done anything like that. Moody - Standard & Poor - Australia - Credit rating agency - Business

... us just how risky this stupid bond is. Ohio is suing the ratings agencies. With the Feds spitting the bit on regulating an industry that ... rating and that showed the most remarkable propensity for figuring things out right after the credit markets imploded, Richard Cordray, attorney general of ... & Poor's. Moody - Standard & Poor - Credit rating agency - Fitch Group - Business

... a haircut after that bailout, and the extent to which AIG's credit rating was a ticking time-bomb throughout the ordeal is ... behind AIG, which could have had a negative impact on AIG's credit rating. And Geithner's cursory attempt to ... words, we bailed out AIG because if we didn't, the credit ratings agencies would throw it in to bankruptcy by being honest for once in their lives ...

... Addison Wiggin & Ian Mathias Ratings agencies open fire… Greece ... ldquo;death tax” extension Credit ratings are the soup du jour&hellip ... Moody’s and S&P cut the ratings of Dubai Electricity & Water Authority ... story likely to go away in 24 hours, and how nations deal with the credit and capacity excesses still in place will no doubt be the story ...

... it, (… I’m sorry, confused it, …) had criticized it and saw it, particularly the ratings agencies confusing use of triple-B or double-A or ... support of consumption. That is now just evaporating. So that is the first part of the crisis that bothers me. The second is the credit crunch, and some of the slides that have been shown before would suggest that despite the Fed cutting ...

... , Moody's Investors Service, and Fitch Ratings assured the pension funds that mortgage-backed ... Ohio's attorney general has sued the three credit ratings agencies alleging that they gave unjustifiably high ... funds. More here. Reason.com looked at the role of rating agencies and how subtle regulatory changes in the pursuit of higher home- ...

... the breach and filed a federal lawsuit against the three largest credit rating agencies, Reuters reports. They created a financial crisis, contends ... -term financial interest and providing false and misleading Triple A ratings on toxic mortgage debt that cost pension funds for state employees a bundle of money. "The credit rating agencies sold out, and they sold us out," the attorney…

Monday and Tuesday came the downgrades for Greece by ratings agencies.  Now it is Spain’s turn, or at least the writing is on the wall.  Standard & Poor’s has revised Spain’s outlook to “Negative,” although its ratings have been affirmed and this does not signal an imminent ratings cut on the sovereign debt.  S&P noted,

People with poor credit ratings have already seen for himself how hard it is to secure a credit card with good relationships. If you regularly miss ... card, or worse yet, pay them not completely out, you will probably be a low rating by credit agencies, which in turn lead that you have a bad ... payments are the result of negligence or a lack of resources, low credit score The results make it difficult ...

... card spending patterns provide information that is monitored by issuers; and this data has been used to affect our credit ratings. This article from CreditCards.com is quite telling: credit card ... . Even financial accounts you have at different institutions may be subject to scrutiny by credit companies and agencies such that any financial transactions you make may influence your credit rating. ...

fishndoc | fishndoc | 0 rep. | From the Financial Times:~~~~[quote:08d6a7f074] Ohio~~~s attorney-general sued the top three US credit ratings agencies on Friday, accusing them of ~~~wreaking havoc~~~ on US financial markets by providing inflated ratings and costing state funds hundreds

Dean Baker, American Prospect - One important aspect of the financial crisis was the willingness of the credit rating agencies to rate complex derivative instruments as investment grade, even ... Sachs, they have a strong incentive to give overly positive ratings. The NYT notes that Congress seems unlikely to do anything about this basic conflict of interest in its ...