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"take steps" kind of sugar coats it, from the film it sounds like the banks strongarmed the ratings companies to lie about the quality of the derivatives as the
by sliverstorm 10y ago
"take steps" kind of sugar coats it, from the film it sounds like the banks strongarmed the ratings companies to lie about the quality of the derivatives as the ARMs folded.
- talmand 10y agoThat was my impression from sources outside the film as well. Like it was stated in the film, "if we rate them lower they'll go down the street to our competitor".