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October 1, 2009

Former insiders allege misconduct at Moody's

WASHINGTON (AP) — Two former Moody's Investors Service employees detailed allegations of misconduct at the big ratings firm as lawmakers took aim at a credit rating industry they condemned as rife with conflicts of interest and needing reform.

Seeking accountability for the role of the ratings industry in the financial crisis, members of the House Oversight and Government Reform Committee on Wednesday questioned a high-level Moody's executive, who denied the former employees' claims.


 
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