Cart This Cartel to the Dumpster

Forbes, Steve
May 2008
Forbes Asia;5/19/2008, Vol. 4 Issue 9, p10
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.


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