The regulator said Wednesday that Credit Suisse recognized the faulty prices about five months after they happened and that the "sudden and unexpected announcement of the write-down had the potential to undermine market confidence".
This study (pdf) does an excellent job of concisely summarizing the role of the agencies during the bubble, while this article discusses the faulty housing-price models that the agencies relied on in rating mortgage-backed securities over the past decade.
C1 Business Digest C2 EDITORIAL A30-31 EdiTheiAfghanhe Afghan difference; faulty levees; gaming the price of leadership; after this summer.
There has been no end to faulty predictions about the price of gold.
Helm says the policy was based on a faulty assumption that fossil fuel prices would carry on rising, which would drive down, over time, the relative cost of the renewables technologies.
Excessive purchase prices — many based on faulty property appraisals — were a major factor, specialists say.
The good news for this class of scanners is that they are inexpensive, and while it's generally good practice to repair faulty equipment, with general-purpose scanners priced under $100 ,replacing faulty units is the norm.
The problems resulted from faulty customer service and mistakes in setting prices and expenses, according to Cigna's chief executive, H. Edward Hanway.
Faulty devices, inaccurate locations, needless features and prices to make a vendor blush — as much as $56,000 for a single unit in a sanitation truck — characterized the two projects, according to two audits released on Wednesday.
The fault lies with the government for designing a rotten system that set prices too high and encouraged fraud.The faulty compensation scheme, now discontinued by the government, was introduced in March, about a month after the outbreak started.
The $56 billion (sales)electronics giant lost close to $400million in two years on plunging memory prices, a $1.1 billion legal settlement over faulty drives and a declining share as the world's top laptop maker.
