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123. How to Profit From Any Financial Crisis

Alfalfa Podcast

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Why Do Rating Agencies Exist?

"This is one of the most egregious things I've ever encountered in my whole life. These are the same people who rated those those shit mortgage back securities and and bundlings of securities as like triple A," he says. "I just don't like there's a lot of a vitriol being passed around ... if they can't get that right, why the fuck do they even exist?"

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