3 ms·
If you told me "I'm like a rating agency" I'd double my scrutiny of you, if I didn't simply walk away. The agencies played a large role enabling the mortgage b
by chernevik 5y ago
If you told me "I'm like a rating agency" I'd double my scrutiny of you, if I didn't simply walk away.
The agencies played a large role enabling the mortgage bubble that popped in 2008. They were essentially selling ratings to bond issuers without any real attention to the quality of the loans underlying the bonds.