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Posted by: mmrhe 6 months, 1 week ago
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mmrhe6 months, 1 week ago
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Here's a good one to add to the list:
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The rating companies MUST NOT be linked in anyway to the companies they are rating!
As it is now, the ratings companies have an interest in telling their paying masters what they want to hear.
That's how these mortgage backed securities got TRIPLE AAA rated before this collpase!
I would even argue for a DE-PRIVITIZATION of the whole process.
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