On ratings.

Post #344,934 by mmoffitt 7/19/11 11:38:15 AM Reply	On ratings. Wasn't it the vaunted Wall Street rating agencies that gave AAA ratings to the junk mortgage backed securities? Didn't that ultimately lead to the world's economy teetering on the brink? So now these folks are talking about "downgrading" the US Government's rating. A downgrade coming from these thieves might actually be a good thing, might it not? I mean, when these charlatans say something is good, it's actually horrible. Similarly, might it not be the case that when these idiots say something is bad, it actually means it's good?
Post #344,940 by drook 7/19/11 12:37:25 PM Reply	The ratings are just incomplete, that's all When they say something is good, we should ask: Good for whom? -- Drew
Post #344,945 by mmoffitt 7/19/11 4:10:10 PM Reply	;0)
Post #344,948 by warmachine 7/19/11 6:32:37 PM Reply	They're not being paid to lie The big 3 NRSROs gladly took money to pretend the credit enhancements made sense, so the investment banks could sell tranches to others. This time, lying has no benefits. -------------------------------------------- Matthew Greet I'm not prejudiced. I hate everyone equally.
Post #344,959 by drook 7/19/11 9:16:09 PM Reply	Sure it does Adds pressure to agree with finance industry demands to reduce taxes. -- Drew
Post #344,971 by mmoffitt 7/20/11 9:00:47 AM Reply	Bingo.

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