03 Aug Rating Firms’ Next Subprime Role
Posted at 15:13h
in Credit Spectrum
By Aaron L. Task | Editor at Large @ thestreet,com | 8/23/2007 10:53 AM EDT As the carcasses of subprime mortgage-backed securities lie rotting on Wall Street, the buzzards are circling heretofore untouchable prey: the rating agencies. Critics say the ratings industry was too late in downgrading...