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Bankruptcy

: Credit Slips

When Agencies Get it Wrong, They Reeeeeeeeeeeeeeeeeealy Get it Wrong

By Mechele Dickerson

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We ended the first day of the conference with management professors, Professor Gerry McNamara (Michigan State University) and Professor Paul M. Vaaler (University of Minnesota). They discussed How and Why Credit Assessors "Get It Wrong" when Judging the Risk of Borrowers: Past and Present Evidence at Home and Abroad. Professor Vaaler observed that the subprime meltdown is just one of the latest mistakes the rating agencies have made in recent times (he also points to the S&L crisis read more

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Full post as published by Credit Slips on May 05, 2008 (boomark / email).

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