Will Credit Raters Dodge Change...Again?
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Uploaded by HuffPostFund on Nov 10, 2009
Although the nations largest credit rating companies are blamed for underestimating much of the risk that led to the financial crisis, so far they have dodged any significant consequences. Investors lost billions of dollars on bonds awarded top ratings by Moodys, Standard & Poors and Fitch, and now Congress wants answers. But will Washington really demand change and hold the raters accountable?
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Excellent video with clear cut explanations of what really went on and is still going on in the financial/political world.
bertly71 2 years ago
How can this be anything other than what can be defined as a coordinated effort to hide the truth from the American people involving the banks, investment houses, credit agencies and anyone involved in selling off of the loans to unwitting recipients. This was the raping of America by its Financial Sector initially and then the raping of a trusting world by the American Financial Sector. There should be tens of thousands of these people imprisoned as millions lost their retirement etc.Criminals
boredjoewo 2 years ago
comes across in 4 second bursts. I finally gave up. have fast connection and rad cp. so for xome it may be worse
1mealperday 2 years ago