Political Quotes

Gary Ackerman: “Time and again, we have heard from the agencies that their ratings were really sound, despite the billions of dollars in…”

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.
Said by
Gary Ackerman
New York

Editor's note · Context

Ackerman critiques credit rating agencies for their inaccurate ratings leading to significant investor losses.

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