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It's MacKenzie.
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- MacKenzie. - Yeah.
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- Look-- - Yes.
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- What was that? - I'm in.
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Yeah?
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Markets rely on Standard & Poor's to objectively rate debt.
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But the companies that want a favorable debt rating
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are the same companies that pay Standard & Poor's.
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- You follow so far? - Yeah.
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Banks wrote a ton of bad
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mortgages to people they knew were going to default.
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It's called predatory lending.