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What Role Did Credit Rating Agencies Play in the Credit Crisis? By ...

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39. Lawrence J. White, The <strong>Credit</strong> <strong>Rat<strong>in</strong>g</strong> Industry: An Industrial Organization Analysis, <strong>in</strong><br />

RATINGS, RATING AGENCIES AND THE GLOBAL FINANCIAL SYSTEM 41, 43 (Richard M. Levich et. al. eds.,<br />

2002).<br />

24

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