VIDEO: Will Credit Raters Dodge Change...Again?

Although the nations largest credit rating companies are blamed for underestimating much of the risk that led to the financial crisis, so far they have dodged any significant consequences. Investors lost billions of dollars on bonds awarded top ratings by Moodys, Standard & Poors and Fitch, and now Congress wants answers. But will Washington really demand change and hold the raters accountable?
» Related Story: How Credit Raters Fended Off Oversight From Congress and SEC [1]

Images

[2]

Republish this story

All Huffington Post Investigative Fund content carries an Attribution-Noncommercial-No Derivative Works 3.0 Creative Commons license. This means you may republish the work for free according to the following guidelines:

Attribution: You must attribute the work in the manner specified by the author or licensor (but not in any way that suggests that they endorse you or your use of the work).
Noncommercial: You may not use this work for commercial purposes.
No Derivative Works: You may not alter, transform, or build upon this work.

Links:
[1] http://huffpostfund.org/stories/2009/11/how-credit-raters-fended-oversight-congress-and-sec
[2] http://huffpostfund.org/sites/default/files/images/articles/2009/11/Credit Raters CEO.png