Lawmakers Blame Execs for Meltdown

Angry lawmakers from both parties assailed the top dogs of the big three credit rating companies Wednesday morning, assigning severe blame for the financial crisis on their firms' failure to assess the risk of trillions in subprime-mortgage related investments. "You're the gatekeepers, you're the guys," chided a visibly frustrated Rep. Elijah Cummings, D-Md. "You're the ones who make all the money. That's why you're there. Now we face a situation where we've got a house of cards that has...Full Story
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