About this series:
Laura Flanders talks to creative thinkers and change-makers from the worlds of politics, arts and the new economy. The smartest conversations, with the smartest thinkers and doers of our time, distributed in multiple formats on a variety of platforms. Keep abreast of fresh content by following GRITtv, the site Flanders founded, on Twitter @GRITtv.
Mortgage rating agencies Moody's, Standard & Poor's, and Fitch were responsible for rating nearly all the investments that went bad, causing last ye...
Mortgage rating agencies Moody's, Standard & Poor's, and Fitch were responsible for rating nearly all the investments that went bad, causing last year's financial collapse. Securities from AIG and Lehman Brothers were rated double and triple A--the highest ratings possible--right before the bottom fell out. Though the Bush administration and many other insiders claimed that no one could've seen the collapse coming, construction workers, whose own pension funds were invested in these companies, knew that there was a housing bubble and feared for their own retirement money. This video from the Huffington Post Investigative Fund takes a look at the rating agencies and their future.
Less
We keep track of your subscriptions through your Facebook account. No additional registration required.
Nothing will be posted to Facebook without your explicit permission.