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Home » Store » News » Senate Report Blames Credit Agencies for Crisis, Urges SEC to Keep a Keen Eye Out

Senate Report Blames Credit Agencies for Crisis, Urges SEC to Keep a Keen Eye Out

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Credit rating agencies were lambasted by the Senate Permanent Subcommittee on Investigations report released last week for their role in igniting the financial crisis, saying they artificially pumped up residential MBS ratings for the sake of profit. “The most immediate cause of the financial crisis was...
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