1 Comments
- rpfinley, on 11/20/2008, -0/+4The article fails to mention that the bond rating agencies are a monopoly that was created by Congress and approved by the same people now criticizing them.
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Senate to probe bond-ratings firms
reuters.com — Critics of the firms have accused them of fuelling the credit crisis by wrongly assigning high ratings to structured debt, including debt tied to risky mortgages, in the hope of winning fees from issuers.
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