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First Subprime, Now Europe: Revenge of the Rating Agencies - 0 views

www.spiegel.de/...0,1518,692007,00.html

subprime europe agencies

shared by Giorgio Bertini on 29 Apr 10 - Cached

Giorgio Bertini on 29 Apr 10

Many observers assign a large part of the blame for the 2008 financial crisis to the "big three" credit rating agencies, which gave their AAA seal of approval to worthless investments. Now those same agencies are helping to bring the euro zone to its knees -- and no one is trying to stop them.

<div class="cArrow"> </div><div class="cContentInner">Many observers assign a large part of the blame for the 2008 financial crisis to the "big three" credit rating agencies, which gave their AAA seal of approval to worthless investments. Now those same agencies are helping to bring the euro zone to its knees -- and no one is trying to stop them.</div>

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