Investors Relied on the Judgment of Credit Rating Agencies Because

Multiple Choice

Investors relied on the judgment of credit rating agencies because:

A) credit rating agencies were supposed to be experts in evaluating credit risk.
B) the information directly available to investors on mortgage pools was insufficient
C) credit rating agencies were supposed to do their due diligence and do a thorough review before rating a given security.
D) All of the above
E) a and c