Why Did Some Economists and Policymakers Think Ratings Agencies Had

question 1

Essay

Why did some economists and policymakers think ratings agencies had a conflict of interest leading up to the Financial Crisis of 2007-2009?

---

Definitions:

Extern Declaration

A statement used in C and C++ to declare a variable or function in another file or translation unit.

Compilation Error

A compilation error occurs when the source code of a program violates the syntax rules or semantic constraints of the programming language.

Global Static Variable

A variable that is globally accessible within a file but its scope is limited to the file due to the static keyword, preventing external access.

Extended

Extended typically refers to a version of something that has been expanded or increased in scope.