"What was their correction policy on their Enron rating? What was their correction policy on their Lehman rating? What was their correction policy on their Bear Stearns rating? They don't have an error correction policy — they have an error denial policy, and the (Securities and Exchange Commission) is absolutely right to step in."
Barbara Roper, director of investor protection for the Consumer Federation of America, on an SEC proposal that Standard & Poor's and other credit-rating agencies post on their websites when a "significant error" is identified in their methodology for a credit-rating action