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How the Credit Rating Agencies Engineered the Goldman Sachs Bailout - Aig - Gawker
How the Credit Rating Agencies Engineered the Goldman Sachs Bailout - Aig - Gawker: "in 2008, if you wanted to sell an insane securitized mortgage concoction premised on prospective cash flow from monthly receipt of soiled envelopes full of change mailed in by hobos, Standard & Poor's, Moody's, and Fitch would have rated it as investment grade."
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