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Rating Agencies Considered Harmful | 91 comments (91 topical, editorial, 0 hidden)
Re: Rating Agencies Considered Harmful (4.00 / 5)
As to the incentives being skewed... the rating agencies get paid for rating thingies, and if they didn't rate certain now-infamous thingies investment-grade they either got no repeat business or they didn't get paid in the first place, because said now-infamous thingies were unsellable otherwise.

The brainless should not be in banking -- Willem Buiter
by Carrie (migeru at eurotrib dot com) on Mon Apr 26th, 2010 at 07:16:01 AM EST

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