Politics & Government

April 20, 2010 6:40 PM

Senate to ask Moody's chief why bad bonds got good ratings

On Friday, Moody's CEO Raymond McDaniel Jr. will face the Senate Permanent Subcommittee on Investigations, which is looking into the role the credit-rating agencies played in the nation's worst financial crisis since the Great Depression. McDaniel has yet to face the kind of congressional grilling already suffered by bank executives.

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