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Archive Home > 2008 > July > 09 > Ratings agencies flouted guidelines, study says

Ratings agencies flouted guidelines, study says

By Michael M. Grynbaum / The Bulletin
July 9, 2008

The analyst at the credit ratings agency was blunt: “Let’s hope we are all wealthy and retired by the time this house of cards falters.”

That candid assessment, e-mailed to a colleague in December 2006, referred to the market for certain investments linked to....

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