8 years ago
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Ratings Agencies Still Coming Up Short, Years After Crisis
The Securities and Exchange Commission’s annual report of credit ratings agencies finds that dubious practices persist long after the subprime meltdown. By Gretchen Morgenson.
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5 of 11 Traders don’t turn up to U.K. Court on Euribor charge
A London judge released former Deutsche Bank employee Christian Bittar on 1 million pound ($1.46 million) bail after the ex-trader and five others were formally charged in court with manipulating a key interest-rate benchmark. By Suzi Ring. -
Wall Street Fine Print: Retirees Want FBI Probe Of Pension Investment Deals
Diane Bucci and her fellow retired Rhode Island schoolteachers were angry about a deal last year to cut their promised retirement benefits. For 28 years, the elementary school teacher devoted between 7 and 9 percent of her paycheck to the state’s pension... By David Sirota.
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Shocked, yes, shocked I am that people with a financial stake in dishonest business practices would continue to behave dishonestly while they have so many friends in Congress fighting against any hint of regulation over their activities.