Tags: LAWS | LEGISLATION | REGULATION | SUBPOENA | MOODYS | FCIC | CRISIS COMMITTEE

Financial Crisis Panel Subpoenas Moody's

Wednesday, 21 Apr 2010 02:21 PM

A congressional panel investigating the origins of the 2007-2009 financial crisis said on Wednesday it issued a subpoena to Moody's, a major credit rating agency, "for failing to comply with a request for documents in a timely manner."

The Financial Crisis Inquiry Commission said in a statement: "In seeking documents and testimony from public agencies and companies, the commission has made it clear that it is committed to using its subpoena power if there is a lack of, or delay in, compliance."

It also said "failure to comply with a commission request is viewed with the utmost seriousness, as the commission will not be deterred from getting desired information."

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A congressional panel investigating the origins of the 2007-2009 financial crisis said on Wednesday it issued a subpoena to Moody's, a major credit rating agency, for failing to comply with a request for documents in a timely manner. The Financial Crisis Inquiry...
LAWS,LEGISLATION,REGULATION,SUBPOENA,MOODYS,FCIC,CRISIS COMMITTEE,FINANCIALS,BANKS,BANKING,WALL STREET,CRISIS,FINANCIAL CRISIS
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2010-21-21
Wednesday, 21 Apr 2010 02:21 PM
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