All Posts Tagged With: "Moodys"

Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis

Underlying the credit crisis gripping the U.S. and world economies is a crisis of confidence. Blame has been laid at the feet of the U.S. Federal Reserve, and an investment bankers’ brew of toxic financial products. Ultimately, however, it was the supposedly trustworthy rating agencies that got everyone to drink the poisoned Kool-Aid.

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The sheer fraud and greed of rating agency analysts and executives is staggering. That no one has gone to jail, and none of the agencies have been…

18Dec2008 | Money Morning | 0 comments | Continued

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