
Ratings Agencies Get Their Comeuppance – They’ve Been Downgraded! [Part One]
June 30, 2012 by Phil Querin
Even the most heinous of financial crimes are usually – if not always – the bi-product of willing participants. Admittedly, there may be only one “evil genius” in the mold of Bernie Madoff, but invariably there are many willing enablers. These are the peripheral players to whom we might contribute some degree of culpability or […]
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Posted in Fannie&Freddie, Financial Crisis, Foreclosure, GSEs, Lenders, Market Conditions, Miscellany, Ratings Agencies, Real Estate/Distressed | Tagged Banks, Financial Crisis, Investors, Market Conditions, Oregon, Rating Agencies, Real Estate, Securitization, Wall Street