1.0Committee on Homeland Security & Governmental Affairshttps://www.hsgac.senate.govTim O'Connor Fraserhttps://www.hsgac.senate.gov/author/tofraser/Senate Subcommittee Holds Third Hearing on Wall Street and the Financial Crisis: The Role of Credit Rating Agencies - Committee on Homeland Security & Governmental Affairsrich600338<blockquote class="wp-embedded-content" data-secret="XT6rq514Of"><a href="https://www.hsgac.senate.gov/subcommittees/investigations/rep/senate-subcommittee-holds-third-hearing-on-wall-street-and-the-financial-crisis-the-role-of-credit-rating-agencies/">Senate Subcommittee Holds Third Hearing on Wall Street and the Financial Crisis: The Role of Credit Rating Agencies</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.hsgac.senate.gov/subcommittees/investigations/rep/senate-subcommittee-holds-third-hearing-on-wall-street-and-the-financial-crisis-the-role-of-credit-rating-agencies/embed/#?secret=XT6rq514Of" width="600" height="338" title="“Senate Subcommittee Holds Third Hearing on Wall Street and the Financial Crisis: The Role of Credit Rating Agencies” — Committee on Homeland Security & Governmental Affairs" data-secret="XT6rq514Of" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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WASHINGTON – Credit rating agencies that investors relied on to provide impartial and accurate analysis of thousands of mortgage-linked securities instead used outdated models and inadequate data, were too influenced by investment bankers, allowed chronic resource shortages to undermine ratings, and delayed downgrading investments once problems in the mortgage market became clear, an inquiry by […]https://www.hsgac.senate.gov/wp-content/uploads/HSGAC_Logo_Social.jpg1200630