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Risk Analysts Risk Little Themselves
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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.
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