http://ca.reuters.com/article/businessNews/idCABRE97E05Q20130815.
Finally will get to see if any of the Accomplices of the Investment Banks and Mortgage Lenders are held accountable. I hope this trial gives more information in the collusion that exist between investment banks, mortgage lenders and the agencies that rate them. Which kept saying this investments were AAA all the way until it was too late....well I suppose it could have been all the way to a depression.
Despite the importance of this issue the main media has not even brushed the news. Why?
Additionally with the light shed on this issue, hopefully some regulation could be put in place, to prevent banks paying rating agencies for the grade they get. Is like you paying your teacher so he grades you as you like, then you pay them generously. Which teacher would not give you an A+?
