Who let the dogs out? (Express India)

Story date: 2008-04-08 02:10:29
Added on: 2008-04-08 14:20:09

Credit rating agencies failed with their due diligence. Remember the age-old proverb, "One bad apple spoils the barrel"? Even if there was a single subprime borrower, the entire security should have been rated as non-investment grade


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