The Wall Street Banks Don't Trust Wall Street Refts

The crash of two thousand and eight gets called a housing crisis, but it was more of a trust crisis. People trusted the ratings agencies whose job was to evaluate the risk of sub prime home loans. These raidings agencies, moodies and standard and poor, they were the refts whose calls esman decided he didn't trust. The pressure was simply economic, in the sense that at you were paid multiples more for rating that kind of stuff.