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That's just plain stupid. If you're buying, don't count on the seller having your interests at heart. That's part of Goldman's job. They want the transaction t
by byrneseyeview 17y ago
That's just plain stupid. If you're buying, don't count on the seller having your interests at heart.
That's part of Goldman's job. They want the transaction to happen; if they can get a good rating, they should. The entity that's responsible for making the rating agencies rate things well is... the rating agency.
- deleted 17y ago[deleted]
- dandelany 17y agoThere is a massive difference between expecting the seller to have your best interest at heart, and expecting that the seller will give you accurate information regarding what product they are selling you. The first is naivete. The second is Federal securities law.