Summary
WASHINGTON -- The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages, federal regulators said Tuesday.
The results of the year-long review by the Securities and Exchange Commission illuminate the role of Wall Street's credit- rating industry in the turmoil that has gripped the financial markets in recent months.See the full content of this document
Extract
Sec Finds Fault in Credit Raters
The three agencies that dom...
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