The Real Deal Miami

Credit-rating analysts say they saw housing collapse coming

October 23, 2008 11:11AM

Credit-rating analysts from Moody’s Investors Service, Standard &
Poor’s and Fitch Ratings admitted to a House of Representatives panel
yesterday that they saw the housing collapse coming but issued no
warnings because their businesses were still profitable. The House
committee looked at e-mails the employees had written warning of the
crisis.