Editor’s note: This is the first of three articles by the Investigative Fund on the credit rating companies. For two decades, the nation’s top credit rating agencies have managed to fend off a crackdown from Washington by relying on a surprising ally – the First Amendment. Despite their key role in the most recent economic calamity, the three big bond raters–Standard & Poor’s, Moody’s and Fitch–seem poised to do it again.

October 28th, 2009
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