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Category Archives: sovereign debt downgrade
Emasculation of the Credit Raters
To the New York Times: Christine Lagarde, managing director of the International Monetary Fund, urges that major credit rating companies say nothing bad about the credit worthiness of sovereign nations [NYT, July 14, 2011]. She echoes President Obama’s plea that … Continue reading →
Posted in Uncategorized, credit rating companies, sovereign debt downgrade
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Tagged bank bailouts, Bank of America, bank takeovers, bankruptcy, Christine Lagarde, Citigroup, credit rating companies, Fannie Mae, Freddie Mack, IMF, JPMorgan Chase, sovereign debt downgrade, toxic mortgage loans
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