4 ms·

I honestly cannot tell if you are joking/trolling or are just completely ignorant to the reality of what happened.

• lmm 4y ago
  Right back at you. You're making a whole bunch of assertions which are, to say the least, not widely accepted, and unsupported by any evidence or logic.
  • lake_vincent 4y ago
    Here: https://truthout.org/articles/the-indisputable-role-of-credit-ratings-agencies-in-the-2008-collapse-and-why-nothing-has-changed/ https://truthout.org/articles/the-indisputable-role-of-credi... If you think this is not really happening, you are naive at best, complicit at worst.
    • lmm 4y ago
      That falls under "a certain amount of fraud going on". Yes, there were a lot of bogus AAA ratings going around. But everyone knew they were bogus - you don't get AAA paper that pays a 10% return. Any investment banker from the GFC era who tries to tell you they're a poor innocent rube who was taken advantage of by a dastardly ratings agency is having you on. The people buying the CDOs were sophisticated professionals who did their own analysis and bragged about how smart they were.