Documents show rating agencies' role in financial crisis

06/20/2013 | Rolling Stone

A vast collection of documents made public in preparation for two major lawsuits explains in detail how credit rating agencies set up the U.S. for the financial crisis and triggered a global recession. The companies' executives and analysts openly admit in countless e-mails to one another that their business model is a fraud. "Let's hope we are all wealthy and retired by the time this house of card[s] falters," one message says.

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