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Real Estate & Property Law
: Housing WireViewpoint: S&P Clubs CMBS Markets
By LINDA LOWELL
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It is widely agreed that woefully flawed rating methodologies contributed materially to the ongoing troubles in the financial system.
A quick recap: whether lulled by the demon of home price appreciation (always abbreviated HPA, as basic as USA) or distracted by the pursuit of profits, market share and such, the purveyors of bond ratings dramatically underestimated [...]Full post as published by Housing Wire on June 10, 2009 (boomark / email).
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