Posted by & filed under Part 6 Managing Financial Resources.

Description: A slew of internal e-mails from the leading credit rating agencies show employees at those firms knew of the dangers in subprime mortgages, but gave them the seal of approval anyway.

Source:  CNNMoney.com

Date: 04/24/2010

Link: http://money.cnn.com/2010/04/23/news/economy/credit_rating_agencies_hearing/index.htm 

Questions for discussion:

  • Do you agree with the analysis presented?
  • What actions should be taken by regulators?
  • Should anyone be legally charged?

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