August 11, 2011
The Revenge of the Rating Agencies
Posted by Lisa Fairfax
My colleague Jeffrey Manns has an op-ed in the New York Times called The Revenge of the Rating Agencies in which he argues that the financial crisis "jeopardized [credit rating] agencies' privileged position," and that such agencies are taking advantage of the country's financial problems to "ensure that regulators do not reduce their autonomy and influence." It is an interesting read.
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