Political Quotes

Carolyn Maloney: In the lead-up to the 2008 financial crisis, the bond rating agencies assigned AAA ratings to worthless mortgage-backed…

On the recordJuly 20, 2021
In the lead-up to the 2008 financial crisis, the bond rating agencies assigned AAA ratings to worthless mortgage-backed securities.
Said by
Carolyn Maloney
Democratic · New York

Editor's note · Context

Maloney discusses the failures of bond rating agencies before the 2008 crisis.

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