2008 Financial Crisis and Credit Rating Agencies, Panel 3

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

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

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2008 Financial Crisis and Credit Rating Agencies, Panel 3

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Program ID:
293156-102
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 23, 2010
Last Aired:
Apr 24, 2010

Airing Details

  • Apr 23, 2010 | 2:00pm EDT | C-SPAN 1
  • Apr 23, 2010 | 9:54pm EDT | C-SPAN 2
  • Apr 24, 2010 | 6:17am EDT | C-SPAN 2
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