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Posted on 08/09/07

Misguided, or misunderstood?

Boyd Erman, With files from reporter Andrew Willis

Brian Neysmith spent his career assessing other people's potential and their problems. As the former head of Canadian Bond Rating Service, he worked for three decades in the ratings game, before his firm was sold to the giant Standard & Poor's Corp. He and his employees studied companies, governments and other entities that issue debt the way teachers mark their students, assigning them grades based on the perceived risk of default.

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