Law in Contemporary Society

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RogerLowenthalOnRatingAgencies 4 - 07 Jan 2010 - Main.IanSullivan
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 Here is the article that Eben was talking about the other day in class regarding the rating agencies' conflict of interest with their clients as a culpably contributing factor to billions of dollars in bank write-offs and tens of thousands of jobs lost.

A great quote relevant to our reading of Arthur Leff's Ponzi scheme is reproduced below. What do you think of the conclusion at the end of the paragraph?


Revision 4r4 - 07 Jan 2010 - 22:19:05 - IanSullivan
Revision 3r3 - 09 Feb 2009 - 22:48:23 - XinpingZhu
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