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Unformatted text preview: securities (RMBSs). This angered many institutional investors who invested in the poor performing RMBSs. Moody’s decision makers also received a ton of criticism from the institutional investors, homeowners, and the public. Moody’s stock eventually began to drop causing decision makers to review all of Moody’s actions. o Secondary Stakeholders Spillover Beneficiaries/ Victims Other Interested Parties Another party interested in the Moody’s crisis was the House of Representatives Committee on Oversight and Governmental Reform. They were interested in how the top credit rating agencies played a role in the nation’s financial crisis. The U.S. Justice Department also has been investigating Moody’s in connection with their rating practices during the financial crisis....
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This note was uploaded on 11/11/2011 for the course MAN 4701 taught by Professor Putchinski,l during the Fall '08 term at University of Central Florida.
- Fall '08