Sunday, December 27, 2009

How Rating Agencies Struggled With Growth

Or is it greed? You should read the SEC's summary report below to find out for example about one analytical manager e-mailing to a colleague that rating agencies were creating an even bigger monster -- the CDO market. Let's hope we're wealthy and retired by the time this house of cards falters. ;o)."

Not too sure they managed to retire in time.

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