Fingers Point At Rating Agencies In Goldman Case

In the wake of the Securities and Exchange Commission’s complaint against Goldman Sachs, some market participants are asking why the rating agencies had not caught the poor quality of the portfolio sooner.

  • 19 Apr 2010

--Olivia Thetgyi

In the wake of the Securities and Exchange Commission’s complaint against Goldman Sachs, some market participants are asking why the rating agencies had not caught the poor quality of the portfolio sooner. “There’s very specific tranches of collateral being hand-crafted here -- don’t the rating agencies have ...

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