The Undollar Digest

AAA Ratings: A Grim Fairy Tale

Addison Wiggin, dailyreckoning.com, 08/30/2010
How the ratings agencies have managed to emerge from the credit crisis unscathed and unregulated is a mystery…and a sham…
If Wall Street is a foggy valley of shadows where wise bankers pick the pockets of the wandering masses, then rating agencies act as the surrounding hilltops. No – not the pillars of [...]


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