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Loan Modification

: Mortgage Lender Implode-o-Meter

EU Targets Credit Rating Agencies

By Implode-Explode Heavy Industries

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"Credit rating agencies are supposed to be experts in evaluating the creditworthiness of companies and government, and the risks of investments in sophisticated financial products like derivatives. In the recent financial crisis they failed to correctly assess the risks of investing in subprime housing loans and the various forms of complicated financial products?derivatives, leading to the worse global financial crisis since the 1930 Depression."

Full post as published by Mortgage Lender Implode-o-Meter on June 04, 2010 (boomark / email).

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