Quick Picks: Boons for Credit Raters and Big Pharma
Our editors’ picks of the latest investigative stories around the Web:
- The three big credit rating agencies, which many blame for fueling the financial crisis, may make as much as $1.2 billion from the Federal Reserve’s new rescue program, reports the Wall Street Journal. According to the Journal, Fed Chairman Ben Bernanke told senators earlier this month that the central bank feels “‘comfortable’ [the agencies] can rate securities eligible for the new program ‘in an appropriate way.’”
- According to court documents reviewed by the New York Times, a prominent Harvard psychiatrist, who has come under fire for his ties to the pharmaceutical industry, told Johnson & Johnson that planned studies of its drugs would yield positive results. The psychiatrist has told the Boston Globe that “any implication that J&J’s interests interfered with the center’s work is wrong.”
Check out more of our roundup in “Breaking on the Web.” Was there a story we missed? Please keep sending us your picks.
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