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To: DuncanWaring

Sue me, I’m not a financial pro.

IF these ratings companies have such a conflict of interest, then why are their ratings and opinions so valued by the financial press, media, banks and other finanical institutions.

Maybe its “news” to them as well, because professionals whose business it is to assess risk were also caught up in this.


54 posted on 05/09/2011 6:34:56 PM PDT by EyeGuy (2012: When the Levee Breaks)
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To: EyeGuy
IF these ratings companies have such a conflict of interest, then why are their ratings and opinions so valued by the financial press, media, banks and other finanical institutions.

Why do people of African ancestry vote 98% of the time for candidates fielded by the Party of Slavery™?

55 posted on 05/09/2011 6:53:30 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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