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Friday, 15 February 2013 14:46

I explain that the rating agencies DID NOT fail to do their jobs during the credit bubble and subsequent bust of 2008-2009 ^Featured

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In the video clip below, I explain that the rating agencies DID NOT fail to do their jobs during the credit bubble and subsequent bust of 2008-2009, nor did they fail in the ongoing pan-European sovereign debt crisis. They succeeded wildly because they served their actual constituency --- the banks!

Reggie VPRO Ratings agencies

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