Chairman Christopher Cox of the SEC responds to Senator Charles Schumer’s call for Moody’s to be fined in the wake of the FT’s investigation into the rating of CPDOs.
Schumer sits on the Senate’s powerful banking, housing and urban affairs committee as well as the finance committee.
Article Series - CPDO rating error
- FT Alphaville exclusive: Moody’s error gave top ratings to debt products
- Moody's statement to the FT
- A CPDO rating explainer
- CPDOs' triple A failure
- Moody's Confirms External Review of European CPDO Rating Process (Statement)
- Buffett doesn't blink
- US senator Schumer's letter to Cox
- Moody's linkfest
- Moody's on ratings watch negative
- Moody's CEO makes statement
- Moody's hopes to put CPDO errors behind it
- Cox responds to Schumer
- S&P admits modelling flaw
- Moody's ousts structured finance head, admits breaches to code of conduct
- Moody's receives an unwelcome (Wells) notice
- Moody's misses the Monday melt up