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Lawrence White presents his chapter on the credit rating agencies from the Make Markets Be Markets report, sponsored by the Roosevelt Institute. Video taken from the Make Markets Be Markets conference, March 3, 2010, New York City. The views expressed in this presentation are those of the speaker and do not necessarily represent the positions [...]

After nearly a year of debate, the US House passed an historic overhaul of the nation’s financial system last week. Financial Services Chairman Barney Frank (D-Mass.) cracked down on the credit rating industry, which gave top grades to toxic investments at the core of the financial crisis.