Credit raters get grilled on Capitol Hill (AP)

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Fitch Ratings President and CEO Stephen Joynt , right, shakes hands with Moody's Chairman and CEO Raymond W. McDaniel on Capitol Hill in Washington, Wednesday, Oct. 22, 2008, after finishing testimony before the House Oversight and Government Reform Committee. (AP Photo/Lawrence Jackson)AP - Executives and employees at the major credit ratings agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown.


--- AP ...



categoriaPersonal Finance commentoNo Comments dataOctober 22nd, 2008

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