The mistakes that led to the 2008 mortgage crisis canâ??t happen again, right?
Not so fast, particularly if youâ??re talking about credit ratings agencies like Moodyâ??s Investors Service and Standard & Poorâ??s. Eight years after these companies were found to have put profits ahead of principle when they assigned high grades to low-quality debt securities, some of the same dubious practices continue to infect their operations. Thatâ??s the message in the most recent regulatory report on the companies from the Securities and Exchange Commission.
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