Bernanke Voiced Alarm Over Credibility of Ratings Firms

Federal Reserve policy makers including Chairman Ben S. Bernanke voiced alarm in August 2007 over a loss of investor confidence in ratings companies, warning that the declining credibility could worsen market turmoil. “There is an information fog” that “is very much associated with the loss of c…

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Bernanke Voiced Alarm Over Credibility of Ratings Firms

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