Tag Archives: S&P

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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