Honest Rating Agency Is Punished for Telling the Truth
From The Big Picture
January 24, 2013 - 1:30am
While Hooey-Peddling Agencies Are Rewarded The big 3 government backed ratings agencies (technically known as Nationally Recognized Statistical Rating Organization) – S&P, Moody’s and Fitch – all committed massive fraud, which was a prime cause of the 2008 economic crash. They took bribes for higher ratings, “sold their soul“, engaged in a “culture of covering [...]
January 24, 2013 - 1:30am
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