MOODY and POOR: The Rating Agencies and the Subprime Fiasco

Featuring Mark Carl Rom Ph.D. Associate Professor of Government and Public Policy, Georgetown University With comments by Kathleen C. Engel J.D., Leon M. and Gloria Plevin Associate Professor of Law, Cleveland-Marshall College of the Law
(Sep 15, 2008 at Case Western Reserve University)

The current meltdown in the credit markets, precipitated by bad mortgage loans, is a failure of both public and private regulation. Professor Rom, author of Public Spirit in the Thrift Tragedy (University of Pittsburgh Press, 1996) discusses his research on the failure by Moody's and by Standard & Poor's to accurately judge the risk of mortgage-based securities. Professor Engel, a leading expert on credit denial, predatory lending, and foreclosures, comments.

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News & Politics

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• uchannel
• casewestern
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• finance
• financial
• analysis
• news
• economy
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• lectures

[jpsix]

FUCK MOODY'S...BY PORTUGAL



[nowthatsinteresting1]

How come the credit ratings agencies have come out of this whole debacle with no criticism? They seem to be to blame, as they rated all these crap firms and their products AAA. Now Standard and Poor gets to call all the shots on government debt. How come the guys who caused the crash get to decide the way forward? They're effectively deciding what the likes of Greece get charged for their debt and therefore their government's policies. Who gave them the job?

[XISatu]

The sovereign pimps that smash countries.

[renotavella]

one day they will be rated too by someone...

[BlackPower991]

ban these rating agencies shit.

[ubuibiok]

*****