What caused the financial crisis, according to an online educational primer from textbook publisher McGraw-Hill? "Good Intentions"--i.e., the government encouraging banks to make loans to low-income homebuyers.

What did not cause the financial crisis, according to McGraw-Hill? Bogus estimates of credit risk issued by ratings agencies like Standard & Poor's--owned by McGraw-Hill.

See Extra!: "Scapegoating Minorities for Failure of Banking" (1/09) by Mary Kane.

Tags: McGraw-Hill

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