S&P E-Mails on Mortgage Crisis Show Alarm and Gallows Humor

Posted by Forexsq 625 days ago (http://www.cnbc.com)
img The executive at Standard & Poor's was clear: "This market is a wildly spinning top which is going to end badly."

That sober assessment of certain mortgage-related investments, delivered to colleagues in a confidential memo in December 2006, is now part of a trove of internal e-mails and documents that have come to light in a federal suit against S&P, the nation's largest credit ratings agency.

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