The Model Meltdown

Milligan, Jack
April 2008
Mortgage Banking;Apr2008, Vol. 68 Issue 7, p42
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.


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