Ratings Agency “Scandal”
The folks over at DealBreaker have a great summary up of why the current “scandal” over the ratings agencies involvement in the CDO market meltdown. Basically, they ask “Did the investors that bought the CDOs (banks, funds, etc.) really not understand the risks associated with them, regardless of what the rating agencies said?”
Dealbreaker Articles: Part 1, Part 2, Part 3, and Part 4
