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Donotunderstand

03/31/17 1:24 PM

#400582 RE: FreeFNMA #400578

S and P and Moodys were clearly part of the "gaming"

Now - what has changed?

Every one - I mean every one - back then in the dark days noted how S and P and Moodys were paid by the issuers of the bonds they rated so they had every incentive to rate high and higher

Anyone know if that has changed?

I doubt it