Rating Agencies and the Great Recession

ECON - 2008-10-22 - Raymond McDaniel, Chairman and CEO of Moody's

On Oct. 22, 2008, Raymond McDaniel,the chairman and CEO of Moody's,. Getty Images

 

On June 5, 2009, NPR aired the first in a series of broadcasts concerning the role of the rating agencies (such as Moody’s and Standard and Poor’s)  in the economic downturn that began in 2007 and the near collapse of financial markets in the fall of 2008.  The first segment is available at  http://bit.ly/11AopY  .

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