[Marxism] Dog Wags Tail, Bites Nobody

S. Artesian sartesian at earthlink.net
Wed Jul 9 12:27:14 MDT 2008


SEC Finds Shortcomings in Credit Rating Agencies Practics and Disclosure to 
Investors

full at: http://www.sec.gov/news/studies/2008/craexamination070808.pdf




Washington, D.C., July 8, 2008 - The Securities and Exchange Commission 
today released findings from extensive 10-month examinations of three major 
credit rating agencies that uncovered significant weaknesses in ratings 
practices and the need for remedial action by the firms to provide 
meaningful ratings and the necessary levels of disclosure to investors. 





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