{"id":5286,"date":"2010-04-23T14:14:24","date_gmt":"2010-04-23T19:14:24","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5286"},"modified":"2011-01-20T14:32:52","modified_gmt":"2011-01-20T19:32:52","slug":"ratings-agencies-taken-to-task","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/04\/23\/ratings-agencies-taken-to-task\/","title":{"rendered":"Ratings agencies taken to task"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-5288\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/calculator-150x150.jpg\" alt=\"calculator\" width=\"105\" height=\"105\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/calculator-150x150.jpg 150w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/calculator-300x300.jpg 300w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/calculator.jpg 310w\" sizes=\"(max-width: 105px) 100vw, 105px\" \/>A Senate panel <a title=\"concluded\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aShbeaZbNrh8#\" target=\"_blank\">concluded<\/a> that the credit-rating agencies had conflicts of interest and ignored signs that fraud and lax lending had infected the housing market which triggered the economic crash.\u00a0 Risk-management expert <a title=\"Mark Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_blank\">Mark Williams<\/a>, a former Federal Reserve Bank examiner who teaches finance in the School of Management and is author of the just-published book &#8220;<em><a title=\"Uncontrolled Risk\" href=\"http:\/\/www.uncontrolledrisk.com\/\" target=\"_blank\">Uncontrolled Risk<\/a><\/em>&#8221; about the collapse of Lehman Brothers, says the ratings agencies must be subject to regulatory oversight.<\/p>\n<p><em>&#8220;Rating agencies cannot put profit in front of quality and their important market function. They need to be held accountable.&#8221;<\/em><\/p>\n<p>Contact Mark Williams, 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Senate panel concluded that the credit-rating agencies had conflicts of interest and ignored signs that fraud and lax lending had infected the housing market which triggered the economic crash.\u00a0 Risk-management expert Mark Williams, a former Federal Reserve Bank examiner who teaches finance in the School of Management and is author of the just-published book [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2649,1121,2724,2725],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5286"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5286"}],"version-history":[{"count":7,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5286\/revisions"}],"predecessor-version":[{"id":7773,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5286\/revisions\/7773"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}