On the recordMay 18, 2009
Time and again, we have heard from the agencies that their ratings were really sound, despite the billions of dollars in losses that investors realized on so-called AAA rated mortgage-backed securities.
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congress.govTime and again, we have heard from the agencies that their ratings were really sound, despite the billions of dollars in losses that investors realized on so-called AAA rated mortgage-backed securities.
Ackerman critiques credit rating agencies for their inaccurate ratings leading to significant investor losses.
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