MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts
Henry Blodget
A former senior analyst at Moody's has gone public with his story of how one of the country's most important rating agencies is corrupted to the core.
Harrington has made his story public in the form of a 78-page "comment" to the SEC's proposed rules about rating agency reform, which he submitted to the agency on August 8th. The comment is a scathing indictment of Moody's processes, conflicts of interests, and management, and it will likely make Harrington a star witness at any future litigation or hearings on this topic.
Read more: http://www.businessinsider.com/moodys-analyst-conflicts-corruption-and-greed-2011-8#ixzz1Vg19idEc
No comments:
Post a Comment