These ratings companies sat by and watched the entire subprime mess melt down right before their eyes. They got paid to hide the truth behind predatory loan pools and servicers, smoke-screening the junk debt right up until it all came tumbling down.
Ever wonder why the subprime lending mess got as bad as it did and why nothing was done about it until this disaster? Sing along and see the members of the House and Senate Committees that watched it happen. Names? Hint: They're in alphabetical order!