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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / They're not being paid to lie
Post #344,948
by warmachine
7/19/11 6:32:37 PM
Reply
New 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.
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Matthew Greet

I'm not prejudiced. I hate everyone equally.
Post #344,959
by drook
Picture of drook
7/19/11 9:16:09 PM
Reply
New 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
New Bingo.
     On ratings. - (mmoffitt) - (5) - July 19, 2011, 11:38:15 AM EDT
         The ratings are just incomplete, that's all - (drook) - (1) - July 19, 2011, 12:37:25 PM EDT
             ;0) -NT - (mmoffitt) - July 19, 2011, 04:10:10 PM EDT
         They're not being paid to lie - (warmachine) - (2) - July 19, 2011, 06:32:37 PM EDT
             Sure it does - (drook) - (1) - July 19, 2011, 09:16:09 PM EDT
                 Bingo. -NT - (mmoffitt) - July 20, 2011, 09:00:47 AM EDT

It didn’t ruin my childhood, but it did aggressively strip-mine several shallow deposits of nostalgia.
38 ms