The heart and soul of banking is supposed to be credit (worthiness) analysis. If bankers and credit investors could be bothered to do their jobs, there would be no need for rating agencies.

Amen!

If you need a credit rating agency to tell you what the risk is on a piece of paper, then you don't want to buy that piece of paper. It really is that simple.

- Jake

Friends come and go. Enemies accumulate.