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Ratings Agencies Still Coming Up Short, Years After Crisis (Fair Game)

Date: January 8, 2016
Author: Gretchen Morgenson
QUOTE: The credit ratings agencies played an enormous role in generating billions of dollars in losses during the debacle. Internal emails that emerged in congressional investigations were especially revealing of the problems at these companies... like many of those responsible for the mess, credit raters largely escaped accountability. They were allowed to maintain their conflicted business models, in which issuers pay the agencies to rate their securities.

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