Investigations into the Financial Rating Industry After the Financial Meltdown

Multiple Choice

Investigations into the financial rating industry after the financial meltdown of 2008 found all of the following except

A) analysts cut corners when faced with less time to perform due diligence.
B) analysts' ratings were inaccurate.
C) many high ratings were based on inadequate historical data.
D) analysts were overwhelmed with the volume and complexity of trades.
E) most analysts were completely untrained and unprepared to do their jobs.