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Ratings agencies are said to have been bribed by their clients to issue high ratings on questionable securities leading up to the financial crises of
Ratings agencies are said to have been "bribed" by their clients to issue high ratings on questionable securities leading up to the financial crises of 2008. Describe how this "bribe" worked (i.e. how were/are the ratings agencies incented to give high ratings on questionable securities?).
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