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The mistake they're potentially making today doesn't have to be identical to the one made 15 years ago. The that they were so wrong 15 years ago means that we h
by throwwwaway69 4y ago
The mistake they're potentially making today doesn't have to be identical to the one made 15 years ago. The that they were so wrong 15 years ago means that we have to question literally every rating they have, and we can't just assume it's right
- plonk 4y ago> The that they were so wrong 15 years ago That seems like a weak signal. If the only example of egregiously wrong ratings we have is from the subprime crisis, that means they got them right enough a lot more often than not.