Fed relying on ratings agencies?
October 24, 2008 at 07:30 AM EDT
[Skip to the end] Ironically (?) after reading all the criticism of private sector lenders relying on ratings agencies rather than internal analysis I see this: GE to use Fed’s commercial paper facility next week By Rachel Layne and Scott Lanman The Fed is setting up the special fund to buy commercial paper, and will start the program on [...]
