News on Politics and Religion with Rants, Ideas, Links and Items for Liberals, Libertarians, Moderates, Progressives, Democrats and Anti-Authoritarians.
Friday, September 26, 2008
Possibly the biggest players responsible - Moody's and Standard and Poors
The rating agencies rated AAA a lot of debt that their former employees acknowledge was junk or not reviewed to drive profits. A must read from Bloomberg.
No comments:
Post a Comment