Rating Agencies "Under Siege": Einhorn Right to Be Short, Rosner Says

On Oct. 22, 2008, the House Committee on Government Oversight and Reform held a hearing entitled: "Credit Rating Agencies and the Financial Crisis."

At the time, there was a lot of talk about restructuring the industry and possible ramifications for the triple-A ratings placed on subprime securities that later turned out to be junk (at best). But as with the effort to re-regulate Wall Street as a whole, the focus on rating agencies dimmed in subsequent months...

Yahoo! Finance: Rating Agencies "Under Siege": Einhorn Right to Be Short, Rosner Says