The Bond Raters Still Need To Be Fixed – Financial Analyst Mag.

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Rick
6 years ago

Fixed? They need to be in jail. “Just above junk” is a wonderful place to be, it sells. Doesn’t matter if you have that rating by screwing over all the residents, confiscated their home values, got the legislators to put your investors first in line, or coloured and shaped the very thing you are supposed to be objectively rating, or how many lunches you had with the governor. Raters are not raters in Illinois, they are more like Ponzi operators.

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