2008 Financial Crisis and Credit Rating Agencies, Panel 2

Witnesses testified on the role of credit rating agencies in the financial crisis, using as case histories the credit rating agencies of… read more

Witnesses testified on the role of credit rating agencies in the financial crisis, using as case histories the credit rating agencies of Standard & Poor’s and Moody’s. Former credit rating industry executives said that competitive pressures, financial awards and poor internal controls led analysts to award high ratings to risky investments.

This hearing was the third of a series of hearings the subcommittee held on Wall Street and the 2008 financial crisis. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

People in this video

  • Barnes, Susan North American Practice Leader (Former) Standard and Poor's->Residential Mortgage Ratings
  • D'Erchia, Peter Managing Director Standard and Poor's->Public Finance
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2008 Financial Crisis and Credit Rating Agencies, Panel 2

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Program ID:
293156-101
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 23, 2010
Last Aired:
Apr 28, 2010

Airing Details

  • Apr 23, 2010 | 12:05pm EDT | C-SPAN 1
  • Apr 24, 2010 | 4:35am EDT | C-SPAN 2
  • Apr 28, 2010 | 7:07am EDT | C-SPAN 3
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