Epstein Secrets

ssuers, just as the big three are. EFTA00705304 Wall Street types tend to look askance at credit ratings no matter who is providing them. Not even Warren E. Buffett whose Berkshire Hathaway owns about 12 percent of Moody's, says he depends on ratings in making investment decisions. Mr. Buffett prefers to make hi

Not even Warren E. Buffett whose Berkshire Hathaway owns about 12 percent of Moody's, says he depends on ratings in making investment decisions. Mr. Buffett prefers to make his own judgments on companies, he said last year while appearing before the Financial Crisis Inquiry Commission. But ratings servi

water — a steady if unglamorous moneymaker that tended to attract wonks or analysts who might not land jobs at a Goldman or a Morgan. Then, in 1975 the Securities and Exchange Commission promulgated rules that anointed a handful of Nationally Recognized Statistical Ratings Organizations. The S.E.C. argued that assessing the safety of

grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Hence, the top 1.% captured in% of the income gains in the first two years of the recovery. Warren Buffet recently noted, 40 years ago, the corporate tax contribution of 4% of GDP was far higher than today's 1.5% and growth was stronger. And corporation

the company did a 5% across the board employment cut. While American laws do not require the level of control imposed by some European nations, the Securities and Exchange Commission has been too slow in carrying out the shareholder protections that are on the books. In the United States, shareholder votes on executive pay are no

d Dustin Hoffman; the singer and songwriter Jimmy Buffett (whose name was misspelled); and the Nobel Peace

er the two gentlemen who ran Bear Stearns, James Cayne and Ace Greenberg. And he was certainly questioned by the SEC back in the day. AMY GOODMAN: The Securities and Exchange Commission. VICKY WARD: Yes, as to what he might have known about an insider trading case to do with a company called St. Joe Minerals Corp., in which both Ac

d Dustin Hoffman; the singer and songwriter Jimmy Buffett (whose name was misspelled); and the Nobel Peace

ver the two gentlemen who ran Bear Stearns, James Cayne and Ace Greenberg. And he was certainly questioned by the SEC back in the day. AMY GOODMAN: The Securities and Exchange Commission. VICKY WARD: Yes, as to what he might have known about an insider trading case to do with a company called St. Joe Minerals Corp., in which both Ac