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Conflicts of interest led Moody’s, S&P and Fitch to make bad calls on ratings

By Carol Eisenberg   |   October 23, 2008 at 10:27am   |   2 Comments

Analysts at Moody’s Investors Service, Standard & Poor’s and Fitch Ratings had doubts about many of the mortgage-backed securities they rated, but gave them a thumbs-up because it was so lucrative to do so, according to documents released by a U.S. House panel.

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