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Explain it to me: Credit Rating Agencies and their role after the Crisis

On Monday, an Australian court held Standard & Poor’s liable for losses that one investor suffered because it rated toxic bonds as investment grade. Credit rating agencies like Standard and Poor’s are increasingly facing wrath from regulators, financial institutions and investors. The blame game started since 2008, when investors witnessed the worst in financial markets. […]

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Explain to me: High-frequency trading

Dark pools. Collateral-easing. Exchange-traded funds. FICO. Securitize. Liquidity… ah, the list goes on. The ratio of people who understand how Wall Street works to people who don’t understand how Wall Street works is probably something like 1:1,000. Higher, maybe? Probably. That’s why I worship news sites like Planet Money and projects like The Crisis of […]

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