Who's most to blame for our current landmark financial crisis? Ask three of the business world's biggest financial names, and they'll give one of three answers: A. Ratings agencies; B. Managers of Wall Street companies; or C. All of the above.
Ratings agencies gave companies using risky investment strategies top ratings and "Wall Street put its head in the sand," said J.C. Flowers, the billionaire founder and chief executive of the investment firm J.C. Flowers & Co.
Flowers joined outspoken...Full Story