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China to lose its credit rating
The deceitful actions of the international credit rating agencies have resulted in the introduction of the following United States Senate Concurrent Resolution 78:
http://globalsecuritieswatch.org/S.Con.Res.78.pdf
For readers' possible interest, here are a few links to relevant background information:
http://globalsecuritieswatch.org/S_Con_Resolution_78_P_R_v.5.1.pdf
and
http://www.globalsecuritieswatch.org/world-news.pdf
See also:
http://globalsecuritieswatch.org/Chris_Dodd_Letter_Final.pdf
The Big Three rating agencies have knowingly maintained demonstrably false ratings which are in flagrant violation of settled international law. Here is a link to an article which exposes the intentional and self-serving misapplication of published metrics and published criteria by the three largest credit rating agencies:
http://www.globalsecuritieswatch.org/SEC_Conference_Brief.pdf
And one more:
http://www.mywire.com/pubs/PRNewswire/2005/07/25/943034?&pbl=15
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