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Resource ID: #23375
Subject: Abortion
Source: Bloomberg News (New York)
Date: 2007-07-01



This investigative piece exposed the central role played by rating companies in the subprime scandal. Ratings firms collaborated with banks o create the very mortgage-backed securities they would then turn around and evaluate. And the credit raters were paid three times as much in fees for this work as they got for grading bonds.

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