Date: August 29th, 2007

A symbiote’s life is not a happy one: Part 3, who influenced whom?

29 August, 2007 (09:30) | Markets, Subprime, US News | No comments

[Continued from yesterday’s Part 2 and the previous Part 1.]
 
Fueling the rise of subprime lending were complex securities that investors bought in bulk because they had favorable ratings.  As suggested by the Wall Street Journal, who rates the raters?
 

It’s Juvenal to worry about such things
 
Ratings result from algorithms, data, and judgment.  Where’d the raters get […]