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Thu 08 Aug 2010More regulation needed to police rating agencies
ANALYSIS:Credit rating agencies exacerbate the tendency of financial markets to move like panicked herds. Not enough has been done to stop this, writes DAN O'BRIEN
ANOTHER DAY, another rating agency blunder. Late on Tuesday night, at a time of heightened tensions in the government bond market, Standard and Poor’s (S&P) announced it was downgrading Irish government debt.
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