Why Are Rating Agencies Still Getting A Free Pass?
Law360, New York (October 27, 2011, 2:29 PM ET) -- There is certainly plenty of blame to spread around for the financial meltdown that started in the residential mortgage sector. In the aftermath of the debacle of 2007 - 2008, homeowners are blamed for foolishly believing that real estate values could only go up; mortgage originators are blamed for capitalizing on that foolishness by relaxing underwriting standards and creating mortgage loans that were affordable only for a short time, and then off-loading all the risk they had created; Fannie Mae and Freddie Mac are blamed for...
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