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Attorney Jeffrey A. Barrack describes the conflicts of interest and inadequate procedures revealed by the SEC and the Office of Economic Analysis examinations, as set forth in a July 2008 Summary Report of Issues in the Commission Staff's Examinations of Select Credit Rating Agencies and details the evidence demonstrating those failures, and further suggests certain theories of liability under which the credit rating agencies may be held responsible for the economic losses that they caused.
August 27, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
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