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According to Micheal Lewis' Against the Rules, investors are well-advised not to rely too much on credit rating agencies for accurate assessments of credit quality
According to Micheal Lewis' "Against the Rules," investors are well-advised not to rely too much on credit rating agencies for accurate assessments of credit quality because Credit rating agencies have special access to securities data O Credit rating agencies helped fuel the 2008 financial crisis O credit rating agencies have access to financial statements and oublic records. O Credit raters are compensated by bond issuers. O Credit rating agencies are compensated by investors
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