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Loan Modification
: Mortgage Lender Implode-o-MeterOverhaul Leaves Rating Agencies Largely Untouched
By Implode-Explode Heavy Industries
Four stars, two thumbs up, a must read: Rave reviews like those might seem a bit suspect if they were paid for by the restaurateurs, movie makers and authors being reviewed.
But that is essentially how things work in the credit-rating industry, a central culprit of the financial crisis that, to its critics? dismay, now seems to be escaping serious change.
Full post as published by Mortgage Lender Implode-o-Meter on June 18, 2009 (boomark / email).
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