| Teesus | Date: Saturday, 2013/06/22, 11:19 AM | Message # 1 | DMCA |
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What about the ratings agencies?That's what "they" always say about the financial crisis and the teeming rat's nest of corruption it left behind. Everybody else got
plenty of blame: the greed-fattened banks, the sleeping regulators, the
unscrupulous mortgage hucksters like spray-tanned Countrywide ex-CEO
Angelo Mozilo.But what about the ratings agencies? Isn't it true that almost none of the fraud that's swallowed Wall Street in the past decade could have
taken place without companies like Moody's and Standard & Poor's
rubber-stamping it? Aren't they guilty, too?Man, are they ever. And a lot more than even the least generous of us suspected.Everything Is Rigged: The Biggest Price-Fixing Scandal EverThanks to a mountain of evidence gathered for a pair of major lawsuits by the San Diego-based law firm Robbins Geller Rudman &
Dowd, documents that for the most part have never been seen by the
general public, we now know that the nation's two top ratings companies,
Moody's and S&P, have for many years been shameless tools for the
banks, willing to give just about anything a high rating in exchange for
cash.Read Full Story
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