IFL 0.32% $3.14 insignia financial ltd

Yes, and if the ratings agencies had not willingly rated junk...

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  1. 2,589 Posts.
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    Yes, and if the ratings agencies had not willingly rated junk mortgage-backed-securities as "investment grade", and the US regulators had not allowed banks to recklessly behave like hedge funds, the subrpime crisis need never have occurred - not to mention (perhaps) the ensuing GFC.
 
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$3.14
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