Seattle Bubble Forum Archive • View topic - Ratings agencies-what were they thinking?

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Seattle Bubble Forum Archive • View topic - Ratings agencies-what were they thinking?

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Ratings agencies-what were they thinking?

Posted: Wed Oct 29, 2008 10:32 pm

by sniglet

How is that venerable institutions like Moody's and Standard & Poor were came to give AAA investment grade ratings to credit instruments, and institutions, that have proven to be worthless?