Politics & Government

October 18, 2009 6:00 AM

How Moody's sold its ratings - and sold out investors

As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression.

Related content

Comments

Videos

More Videos

Senators McCain, Roberts have heated exchange over Obama’s Army nominee 02:32

Senators McCain, Roberts have heated exchange over Obama’s Army nominee

John Boehner calls Ted Cruz ‘Lucifer in the flesh’ 00:45

John Boehner calls Ted Cruz ‘Lucifer in the flesh’

Funniest presidents of the last 25 White House Correspondents' Dinners 02:24

Funniest presidents of the last 25 White House Correspondents' Dinners

Gov. Nikki Haley: Keep Gitmo detainees out of South Carolina 07:48

Gov. Nikki Haley: Keep Gitmo detainees out of South Carolina

Will Carly Fiorina help Ted Cruz win the Republican nomination? 01:30

Will Carly Fiorina help Ted Cruz win the Republican nomination?

Can Cruz + Kasich really stop Trump? 01:24

Can Cruz + Kasich really stop Trump?

The behind-the-scenes battle for the Republican nomination 02:01

The behind-the-scenes battle for the Republican nomination

South Carolina senator asks about MOX facility future 07:14

South Carolina senator asks about MOX facility future

Meet the cat running for president 02:34

Meet the cat running for president

Obama meets with world leaders in Saudi Arabia, will discuss counterterrorism 03:03

Obama meets with world leaders in Saudi Arabia, will discuss counterterrorism

HB2: A timeline for North Carolina's newest law 02:42

HB2: A timeline for North Carolina's newest law

Is Trump falling apart as he nears the finish line? 01:53

Is Trump falling apart as he nears the finish line?

Share Video

Politics & Government Videos