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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Now It's Official: Rating Agencies Hiding Risks on Mortgage Bonds | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="81vrrutMEE"&gt;&lt;a href="https://www.nakedcapitalism.com/2007/06/now-its-official-rating-agencies-hiding.html"&gt;Now It&#x2019;s Official: Rating Agencies Hiding Risks on Mortgage Bonds&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2007/06/now-its-official-rating-agencies-hiding.html/embed#?secret=81vrrutMEE" width="600" height="338" title="&#x201C;Now It&#x2019;s Official: Rating Agencies Hiding Risks on Mortgage Bonds&#x201D; &#x2014; naked capitalism" data-secret="81vrrutMEE" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>There&#x2019;s been plenty of discussion on this blog and elsewhere of the questionable role of rating agencies, particularly regarding collateralized debt obligations. Rating agencies are slow to downgrade weakening credits (if you are in the debt business, this is very old news), suffer from acute conflicts of interest in rating CDOs (they are a de [&hellip;]</description></oembed>

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