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When it comes to these kinds of basket case occurrences, it's a bad idea to try and tweak them to be less bad. There is a reason they occur, and it's not "compl
by netcan 6y ago
When it comes to these kinds of basket case occurrences, it's a bad idea to try and tweak them to be less bad. There is a reason they occur, and it's not "compliance" or whatnot.
The ratings agencies are an obvious example. It's not a matter of integrity, ethics or policies. Ratings just aren't what they seem to be anymore. They're obviously not there for investors to estimate risk. Their main job now is to regulate the financial industry.