Friday 21 November 2008
by: NOW, t r u t h o u t | Programming Note
The PBS program NOW asks: What role did the credit rating agencies play in the current economic crisis? (Photo: financialadvice.co.uk)
An insider speaks out on the pressure for profits. This time on NOW.
Click here to see the entire show after Friday night's broadcast.
What role did the credit rating agencies play in the current economic crisis? On Friday, November 21, at 8:30 p.m. (check local listings), a former managing director at Standard & Poor's speaks out on US television for the first time about how he was pressured to compromise standards in a push for profits. Frank Raiter reveals what was really going on behind closed doors at the credit rating agencies the public relies on to evaluate the safety of their investments.
"During this period, profit was primary; analytics were secondary," Raiter tells NOW Senior Correspondent Maria Hinojosa.
Who was watching the watchers? Surprising new revelations in the economic debacle, this week on NOW.
The NOW on PBS Web site at www.pbs.org/now will feature this full program as well as link to documents and emails that shed light on credit rating agency tactics. Also, Web-exclusive economic insight from Professor Joseph Stiglitz, Nobel Prize winner and former chief economist of the World Bank.
No comments:
Post a Comment