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BREAKING: Senate panel: Ratings agencies rolled over for Wall Street

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A Senate panel investigating the causes of the nation's financial crisis on Thursday unveiled evidence that credit-ratings agencies knowingly gave inflated ratings to complex deals backed by shaky U.S. mortgages because of the fees they earned for giving such investment-grade ratings. "They did it for the big fees they got," Sen. Levin told reporters on Thursday.

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Wall Street; Wall Street Greed; Wall Street Parasites, Add Tags

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