Tag Archives: rating agencies

The commissioner went even further, accusing such agencies of “blackmail”

Ratings agencies ‘work for the dollar’ – EU commissioner

Ratings agencies “worked for the dollar” by constantly downgrading the credit ratings of European countries, European Industry Commissioner Antonio Tajani said on Monday. Ratings agencies “do not do it transparently and have made many mistakes,” Tajani told the Spanish daily, El Pais. The commissioner went even further, accusing such agencies of “blackmail,” referring to their announcement of downgrades before the EU summit on January 30, which is to discuss a tax on financial transactions. Tajani said he favored imposing rules on the three main ratings agencies based in the US. He also called for the establishment of a European ratings agency.

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[KR52] Ready! Fire! Aim! Keiser Report on Economic Warfare 101

We look at the latest scandals of filling black holes of debt with austerity plans and imperial plans. In the second half of the show, Max talks to Cedric de Serigny of the School of Economic Warfare in Paris about rating agencies and financial terrorism.

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[KR49] Keiser Report – Markets! Finance! And Michael Hudson!

Stacy Summary: In this episode, we look at the scandals of financial wiseguys that ‘know nothing,’ including famed ‘value investor,’ Warren Buffett who says he knows nothing about his investments and nothing about how ratings contributed to the housing bubble. In the second half of the show, Max interviews economist Michael Hudson about the Latvian economy and real liberal economics.

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‘Ratings surveillance’ fees and the UK rating ‘mystery’

Stacy Summary: Apparently, it’s a mystery as to why the UK has not been downgraded.

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Afternoon Headlines – 05 May 2009

Stacy Summary: Afternoon edition.  Let me know if you prefer headline updates in a separate blog entry like this or if you prefer them at the top or bottom of a once daily Headlines, Headlines, Headlines entry.

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