S&P and Moody's those venerable rating institutions totally missed the coming storm on the sub-prime market. Until June sub-prime bonds were rated AAA. Most are now junk.

So much for the experts.

 

Submitted: Sep 26, 2007    Views: 275    Comments: 0    Likes: 1   


View Article: http://www.businessweek.com/magazine/content/07_40/b4052061.htm?cha...


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