Credit Rating Exec: "We Sold Our Souls to the Devil"
Internal documents show that while rating firms publicly defended their practices, executives privately wondered when the house of cards would fall. Full Story »
Posted by Derek HawkinsReview
Informative report about internal documents released at a congressional hearing Tuesday, which suggest that credit rating agencies acted unethically, due to fundamental conflicts of interest built into the current rating system. This article provides ample factual evidence, but could include more sources and independent perspectives.
