First Subprime, Now Europe Revenge of the Rating Agencies

Many observers assign a large part of the blame for the 2008 financial crisis to the "big three" credit rating agencies, which gave their AAA seal of approval to worthless investments. Now those same agencies are helping to bring the euro zone to its knees -- and no one is trying to stop them.
The New York Stock Exchange: The power of the credit rating agencies has remained undiminished, despite their role in triggering the 2008 financial crisis.

The New York Stock Exchange: The power of the credit rating agencies has remained undiminished, despite their role in triggering the 2008 financial crisis.

Foto: AFP