Our corrupt Rating Agencies

Al Franken explains our corrupt rating agencies. – Video

 

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One Response to “Our corrupt Rating Agencies”

  1. worzzz Says:

    Al Franken explains our corrupt rating agencies. – Video

    http://latimesblogs.latimes.com/washington/2010/05/al-franken-tom-toles-wall-street.html

    Amendment (S.Amdt.3749) to S.3217: http://www.opencongress.org/vote/2010/s/132

    … This week, CalPERS, the largest U.S. public pension fund, won a court ruling allowing it to proceed with a lawsuit accusing the three biggest credit rating agencies of assigning “wildly inaccurate and unreasonably high” ratings, causing $1 billion of losses. The agencies say they expect eventually to prevail on the misrepresentation claim and that the claim lacks merit. …

    http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH98552_2010-05-07_20-17-02_N07214097.htm

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