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Credit rating firms (S&P, Moody's) helped worsen 'sub prime' mortgage security debacle

Posted by billspaced | 2:15 PM | | 0 comments »

How Rating Firms' Calls Fueled Subprime Mess -

Nice. Even the big guns got this wrong. How many times does history have to repeat itself for people to figure out that the economy, and every market within it, ebbs and flows, goes up and down, has great returns and then not-so-great returns?

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