Attorney General Richard Blumenthal released a letter calling on the U.S. Department of Treasury to intervene in the Federal Reserve bailout program that gives the Big Three credit rating agencies — Moody's Investors Service, Fitch Ratings and Standard & Poor's — the exclusive right to rate securities eligible for the Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF). This cuts out smaller competitors who can also do the work.

Blumenthal's request was announced in a State of Connecticut Attorney General's office press release,

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