On the recordAugust 4, 2009
Credit rating agencies are in the business of providing investors with unbiased analysis, but the current incentive structure gives them too much leeway to hand out unjustifiably favorable ratings.
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congress.govCredit rating agencies are in the business of providing investors with unbiased analysis, but the current incentive structure gives them too much leeway to hand out unjustifiably favorable ratings.
Jack Reed critiques the incentive structure of credit rating agencies.
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