Saturday, April 24, 2010

Does this mean they will more cautious and start downgrading

How credit watchdogs fueled the financial crisis

Lawmakers are now asserting that credit rating agencies (CRAs) like Moody's Investors Service and Standard and Poor's Ratings Services failed to expose the lurking dangers.

Posted by mark @ 12:07 PM (1001 views)
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One thought on “Does this mean they will more cautious and start downgrading

  • If the banksters knew all along that they were selling junk, maybe this article explains why they are all getting such good bonuses now. Perhaps they are extracting what they can now before more of the banks are charged with fraud.

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