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.
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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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