TITLE

The Model Meltdown

AUTHOR(S)
Milligan, Jack
PUB. DATE
April 2008
SOURCE
Mortgage Banking;Apr2008, Vol. 68 Issue 7, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the criticism on the role of credit-rating agencies (CRAs) in the financial services industry in the U.S. It is expressed that CRAs evaluate the strengths and capital reserves of banks as well as provide feedback to underwriters. Critics argued that the agencies' business create conflict of interest between companies and investment bankers in financial deals.
ACCESSION #
31697630

 

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