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Credit Rating Agencies Scandal: massaging numbers/ I.B.G.,Y.B.G.

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Uploaded by on May 10, 2011

The credit rating agencies are; Moody's, Standard and Poors, and Fitch....QUOTE: "Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression."

http://levin.senate.gov/newsroom/supporting/2011/PSI_WallStreetCrisis_041311.pdf

http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511

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