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Rating Agencies Considered Harmful | 91 comments (91 topical, editorial, 0 hidden)
Re: Rating Agencies Considered Harmful (none / 0)
Exactly.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Apr 26th, 2010 at 11:41:19 AM EST
[ Parent ]
Re: Rating Agencies Considered Harmful (none / 1)
To expand - I mean that banks don't do the job we think they do and they pretend to do.

They like to present themselves as final authorities on financial and fiscal events, but they're more like joyriding teenagers in fake beards pretending to be grown-up.

What's endlessly bizarre is that everyone seems to be believe them.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Apr 26th, 2010 at 02:53:58 PM EST
[ Parent ]

Rating Agencies Considered Harmful | 91 comments (91 topical, 0 editorial, 0 hidden)
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