Matches in DBpedia 2016-04 for { ?s ?p "Betting against CDOs was also, in some cases, a bet against the rating agencies and their models. Jamie Mai and Ben Hockett, principals at the small investment firm Cornwall Capital, told the FCIC that they had warned the SEC in 2007 that the agencies were dangerously overoptimistic in their assessment of mortgage-backed CDOs. Mai and Hockett saw the rating agencies as “the root of the mess,” because their ratings removed the need for buyers to study prices and perform due diligence, even as “there was a massive amount of gaming going on.”" }
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- GPO-FCIC.pdf quote "Betting against CDOs was also, in some cases, a bet against the rating agencies and their models. Jamie Mai and Ben Hockett, principals at the small investment firm Cornwall Capital, told the FCIC that they had warned the SEC in 2007 that the agencies were dangerously overoptimistic in their assessment of mortgage-backed CDOs. Mai and Hockett saw the rating agencies as “the root of the mess,” because their ratings removed the need for buyers to study prices and perform due diligence, even as “there was a massive amount of gaming going on.”".