Raters Ignored Proof of Unsafe Loans in Securities, Panel Is Told - New York Times
Story date: 2010-09-26 10:20:00
Added on: 2010-09-26 23:08:08
Wall Street was placing many of the troubled loans into bundles known as mortgage securities. “We went to the ratings agencies and said, ‘Wouldn’t this information be great for you to have as you assign tranche levels of risk?’ ” Mr. Johnson ...
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