In the movie "The Big Short," which focuses on the financial crisis of 2007-2008, it was vividly shown that rating agencies, including Standard & Poor's, were giving high ratings to financial organizations in exchange for monetary rewards. These ratings had nothing to do with the actual state of affairs. Subsequently, a crisis hit the lending and real estate markets, but the reputation of these institutions remained surprisingly unscathed.

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crazy how they got away with that, right? makes u wonder what else we don't know about... 😬