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Ratings agencies knew they were serving rotten sausage
image courtesy of Rolling Stone If the ratings agencies are wrong to consider lowering Rhode Island’s credit rating for not making payment on the 38 Studios bond, they were really wrong when they gave...
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Will Kilmartin stand up to the ratings agencies?
image courtesy of Rolling Stone In a recent post, I highlighted how the US Department of Justice is suing ratings agency S&P concerning their suspicious ratings practices that essentially fueled...
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Ratings agencies lose appeal but will RI stand up to them?
This is a quick update to a couple of stories I’ve written about how ratings agencies should be held liable for their deceptive ratings practices. You can read them here and here. An appeals court just...
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Caprio: Ratings agencies hands weren’t clean in 38 Studios deal
Former Treasurer (and current candidate for Treasurer) Frank Caprio reached out to me concerning my stories about the deceptive ratings practices of the ratings agencies. According to Caprio, the...
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Magaziner: Explore any legal avenue to limit cost to taxpayers
Candidate for Treasurer Seth Magaziner says that he has a history of standing up to big Wall Street firms, highlighting his work as the author of a shareholder proposal to break up Citigroup. He has...
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Almonte: Good at grandstand, but not negotiating
The third candidate for Treasurer, Ernest Almonte, never replied back to me after repeated attempts of reaching out to him. I therefore can’t say what his position is about standing up to the ratings...
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