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For Credit Ratings Agencies, Mostly Business As Usual

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Traders react on the floor of the New York Stock Exchange April 19. (AP)
Traders react on the floor of the New York Stock Exchange on April 19. (AP)

Our guest Jesse Eisinger is seeing a return to old habits on Wall Street.

We speak with him about the credit ratings agencies, where he says the same flaws that led to the financial crisis remain in place, despite multiple attempts at reform.

Eisinger is senior reporter for the independent, non-profit newsroom ProPublica. He and his colleague, Jake Bernstein, were awarded the Pulitzer Prize for national reporting this year for their series on Wall Street practices that led to the financial crisis.

This segment aired on April 26, 2011.

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