Economy Apr 20

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Who Pays the Rating Agencies?

Question: Who pays the rating agencies, like Moody’s? What is the source of their income? Paul Solman: That’s been the scandal. They’re paid by the issuers of the bonds and stocks they rate. They thus have a huge incentive not…

Economy Apr 14

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Obama Says Economy ‘Not Out of the Woods’

President Barack Obama renewed the case for his domestic and economic agenda on Tuesday, warning Americans eager for better news on the economy that "by no means are we out of the woods."…

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