Monday, July 14, 2008

Investigations: How Banks Stoked Subprime Fiasco

Rating agencies weren't the only institutions to blame for the subprime credit crisis, according to this Financial Week report on a Securities and Exchange Commission probe into the ever-worsening mess. Banks did their part, too, often in situations of clear conflict-of-interest - arranging the deals, then hiring the rating firms to.

TAGS: investigations, investigative journalism, bank, subprime, housing

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