Tag Archives: ratings agencies

Nader’s warnings to rating agencies

Via onthewilderside.com
Published at Nader.org

Ralph Nader ran for President with the Green Party, and more recently as an independent candidate. Below is an excerpt from a 7/28/2011 post at Nader’s nonpartisan website. It is an Open Letter he wrote to the heads of Standard and Poor’s, Moody’s Corp, and Fitch’s Ratings:

Now your lobbyists are pressing members of Congress to weaken further the provisions affecting rating agencies in the Dodd-Frank law in ways that will raise the risk-consequences for the savings and investments of innocent people.

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