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
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
Complex financial instruments that few understood »Complex financial instruments that few understood
Credit-rating agencies underestimated risks
Human cognitive biases »Human cognitive biases
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