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Loan Modification

: Mortgage Lender Implode-o-Meter

Executives testify: Bond-rating agencies corrupted themselves

By Implode-Explode Heavy Industries

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"Executives from credit-rating agencies Moody's Investors Service and Standard & Poor's presented additional evidence Friday that management pressure to maintain their market share eroded the quality of investment-grade ratings and amplified the nation's financial crisis."

Full post as published by Mortgage Lender Implode-o-Meter on April 23, 2010 (boomark / email).

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