Time to Retire Rating Agencies?
Airtime: Thurs. May 27 2010 | 2:51 PM ET
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Airtime: Thurs. May 27 2010 | 2:51 PM ET
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Lloyd Blankfein, Chief Executive Officer and Chairman of Goldman Sachs
Australian PM Kevin Rudd has quit and his deputy, Julia Gillard has been elected as the country’s first female PM. Colin Whitehead, analyst at Fat Prophets & Colin Chapman, Asia Pacific VP at Strategic Forecasting, assess this news, with CNBC’s Karen Tso, Bernard Lo, Sri Jegarajah & Matthew Taylor.
Warren Buffett answers questions about the rating agencies before the Financial Crisis Inquiry Committee. The Commission is holding a hearing entitled “Credibility of Credit Ratings, the Investment Decisions Made Based on Those Ratings, and the Financial Crisis.”
The Chicago Board Options Exchange (CBOE) has seen its stock drop 26% since its IPO in June. William Brodsky, the exchange’s chairman and CEO, tells CNBC what’s behind the decline.
Jim Simons, founder of Renaissance Technologies, discusses the Flash Crash, the market’s reaction and how his company dealt with orders in the immediate aftermath, with CNBC’s Melissa Lee.
“Russia has growth and Russia has money and Europe has neither,” Kingsmill Bond from Troika Dialog told CNBC Tuesday. “Russia has the capacity to support Europe clearly with its cash,” he added.