Key lawmaker proposes group liability for credit rating agencies …

Their grades can be key factors in determining a company’s ability to raise or borrow money , and at what cost securities will be purchased by banks, mutual funds , state pension funds or local governments. ….. investment banking analyst at Fox Pitt Kelton, said: This year is shaping up to be the best year ever for investment banks, or at least those that have emerged relatively unscathed from the credit crisis. petrbuben E-Trade to sell stock , swap debt; deliquencies off …

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