Subprime mortgage mess gets new scapegoats

It honestly looked like they had already found every potential participant in the subprime home loan segment who could be blamed for its current troubles. At various times fingers were pointed at the lenders, investors who bought mortgage-backed securities, homeowners themselves, Wall Street outfits that packaged and sold the loans to investors, federal regulators and hedge funds. There is, however, still another player to consider.

Now in the hot seat are the bond-rating agencies, two of the largest being Standard & Poor's and Moody's. Kindly click here to read the rest of the article.