TITLE

Cart This Cartel to the Dumpster

AUTHOR(S)
Forbes, Steve
PUB. DATE
May 2008
SOURCE
Forbes Asia;5/19/2008, Vol. 4 Issue 9, p10
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article discusses the author's views about the turmoil in the U.S. credit markets. In the wake of the turmoil, the U.S. Securities & Exchange Commission (SEC) should bust the cartel of credit-rating agencies including Standard & Poor's and Moody's, avers the author. Investors are ill-served by the monopoly of these agencies, says the author. The SEC should step aside and let the financial markets decide which rating agencies should get their business, avers the author.
ACCESSION #
32185655

 

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