Credit scores: Flawed system...or Scapegoat?

I wrote a story recently in the print edition of BusinessWeek on a topic that I thought had been largely ignored in all of the coverage of the mortgage mess: The degree to which mortgage lenders, and the Wall Street firms that bundled mortgages into bond-like securities, replied on FICO and other credit scoring systems in their underwriting process. You can read the story by clicking here.

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