More Corruption: Bear Stearns Falsified Information as Raters Shrugged
By Teri Buhl
The Atlantic
Made up FICO scores? Twenty-minute speed ratings to AAA? If government prosecutors like New York Attorney General Andrew Cuomo want answers to why the mortgage-backed securities market was so screwed up, they should talk to Matt Van Leeuwen from Bear Stearn's servicing arm EMC.
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