Stunned but Not Suprised: Ratings Agencies Rolled Over for Wall Street
April 23, 2010 at 01:25 AM EDT
We already know the story of the credit rating agencies being a story of colossal failure. What we didn’t know for sure however, is that these supposedly trustworthy rating agencies contributed to America’s near economic collapse by knowingly giving inflated ratings to securities backed by subprime mortgage loans because of the fees they earned [...]