E-mails show high ratings were issued often on subprime mortgages

04/26/2010 | CNNMoney

E-mails from credit rating agencies that were released to the government show analysts gave favorable ratings to subprime mortgages even though they were aware of the risks. "Let's hope we are all wealthy and retired by the time this house of cards falters," a Standard & Poor's analyst wrote in a December 2006 e-mail.

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