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Bailout
: Calculated RiskSenate Panel: Rating Agencies Traded Fees for Ratings
By Anonymous
Senate panel: Ratings agencies rolled over for Wall Street
A Senate panel investigating the causes of the nation's financial crisis on Thursday unveiled evidence that credit-ratings agencies knowingly gave inflated ratings to complex deals backed by shaky U.S. mortgages because of the fees they earned for giving such investment-grade ratings.I'm stunned but not surprised ...
Full post as published by Calculated Risk on April 23, 2010 (boomark / email).
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