Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

The subprime meltdown and the ratings agencies

Filed in archive markets by leon on August 18, 2007

16219573.jpg
In the fallout of the subprime debacle, the blame game has started and the ratings agencies are coming under plenty of fire with the European Commission now looking at whether they should be regulated.

The truth is the ratings agencies were treating these mortgage-backed securities as solid investments until recently and now serious questions are being asked about their collusion.

"These guys rated everything AAA; now it turns out they're not performing as AAA, or how you'd expect an AAA asset to perform," an anonymous analyst told Forbes.

This morning I was talking about the issue on ABC Radio National. You can listen to a podcast of it here.






Permalink: The subprime meltdown and the ratings agencies
Tags: subprime  ratings  agencies  2007  corporate  ratings+agencies  subprime+meltdown  meltdown+ratings 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/86967



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy