Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
using ratings are the absolutely easiest way to be lazy inside a bank

Heh. Everytime the guys from the bank come and suggest we buy this or that corporate bond (I help manage some research stipend money) and say that it has this or that rating, I give them a look and mutter something about MBS's or CDO's or the S&P downrate of the US, and then they look rather sheepish. :)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sat Mar 17th, 2012 at 07:23:44 PM EST
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