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No new laws are needed. The credit ratings agencies fraudulently mislabeled loans. This was criminal behavior and was not prosecuted. https://en.wikipedia.org/
by voodootrucker 8y ago
No new laws are needed. The credit ratings agencies fraudulently mislabeled loans. This was criminal behavior and was not prosecuted.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the...
- umanwizard 8y agoRegardless of whether that's true, the posters above were talking about employees of investment banks, which are not the same thing as credit rating agencies.
- voodootrucker 8y agoPerjury then? https://www.businessinsider.com/goldman-sachs-lied-2011-5 https://www.businessinsider.com/goldman-sachs-lied-2011-5