Credit-rating agencies underestimated risks
Credit rating agencies failed to appreicate and state the true nature and scale of the risks faced by the insititutions they were rating.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
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Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
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Complex financial instruments that few understood »Complex financial instruments that few understood
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Credit-rating agencies underestimated risks
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Human cognitive biases »Human cognitive biases
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