The Reckoning - Debt Watchdogs - Tamed or Caught Napping? - Series - NYTimes.com: "“If you can’t figure out the loss ahead of the fact, what’s the use of using your ratings?” asked an executive with Fortis Investments, a money management firm, in a July 2007 e-mail message to Moody’s. “You have legitimized these things, leading people into dangerous risk.”"
Again, the poor people and J. Carter caused this mess. Hell, lets throw in the CRA. Rush say's so and he gets his info from America's number one source...Fox "News".
Sunday, December 7, 2008
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