Credit Rating Agencies Under Fire

Credit rating firms are under fire for supposedly neglecting deep problems in the mortgage industry.
Credit Rating Agencies Under Fire
Raymond McDaniel, chairman and CEO of Moody's Corporation, testifies during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 22, 2008 in Washington, DC. Alex Wong/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/maccy83386094.jpg" alt="Raymond McDaniel, chairman and CEO of Moody's Corporation, testifies during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 22, 2008 in Washington, DC. (Alex Wong/Getty Images)" title="Raymond McDaniel, chairman and CEO of Moody's Corporation, testifies during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 22, 2008 in Washington, DC. (Alex Wong/Getty Images)" width="320" class="size-medium wp-image-1833271"/></a>
Raymond McDaniel, chairman and CEO of Moody's Corporation, testifies during a hearing before the House Oversight and Government Reform Committee on Capitol Hill October 22, 2008 in Washington, DC. (Alex Wong/Getty Images)