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    04.21.11 Professor David Reiss on the Relationship Between Banks and Credit Rating Agencies
    David Reiss

    Although economic reforms have criticized credit rating agencies for inaccurately grading financial products, many big banks are pushing to end federally backed systems that protect investors from these sometimes misleading credit ratings. Professor David Reiss spoke to iWatch News on how the symbiotic relationship between banks and credit agencies protect both groups against investor lawsuits. "The more regulatory privilege that a rating has the better the defense against litigation it is," he explained.

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